Up to 5% of public companies will follow Tesla's Bitcoin buy, says Wedbush analyst

Cointelegraph

Published Feb 22, 2021 12:00PM ET

Updated Feb 22, 2021 02:20PM ET

Tesla’s strategic embrace of Bitcoin (BTC) will have a dramatic impact on corporate adoption of the digital asset, according to Dan Ives of Wedbush Securities.

In a Monday interview with CNBC, Ives said Tesla’s exposure to Bitcoin is “not just a fad,” but part of a long-term strategy that’s driven by an investment thesis and business thesis.

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