BTC Peers
Published Feb 10, 2021 03:40PM ET
Updated Feb 10, 2021 04:00PM ET
Twitter and General Motors eyes Bitcoin, may expose their portfolio to the digital gold
Thanks to Tesla (NASDAQ:TSLA) and a host of others for setting the pace, Bitcoin may soon witness a mass exodus of institutional money. According to Twitter’s chief financial officer Ned Segal, the social media giant is considering adding Bitcoin as an asset to its balance sheet.
Segal told CNBC that Twitter was thinking about how to pay employees in Bitcoin. He said:
We've done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in Bitcoin, how we might pay a vendor if they asked to be paid in BTC and whether we need to have BTC on our balance sheet.Twitter’s embrace of Bitcoin won’t come as a surprise. The firm’s CEO Jack Dorsey is one of the most vocal spokesmen of Bitcoin. In October last year, Dorsey led Square, another company he oversees, to invest $50 million into Bitcoin.
Meanwhile, the chief executive of GM has revealed that his firm currently has no plans to invest in the digital gold. This may change in the nearest future since the company noted that it will “continue evaluating” Bitcoin.
GM CEO SAYS NO PLANS FOR COMPANY TO INVEST IN BITCOIN BUT WILL CONTINUE EVALUATING— *Walter Bloomberg (@DeItaone) February 10, 2021
Continue reading on BTC Peers
Written By: BTC Peers
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.