Global Macro Research Company Who Predicted Big US Tech Companies Were Going to Diversify Into Bitcoin Back in August, Has Now Released Its Updated Views!
Press Release
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updated: Feb 16, 2021
LONDON, February 16, 2021 (Newswire.com) - On 20 August 2020, John Butler and Andrew Simon of Macro Hive predicted that US tech companies would start investing in Bitcoin and other cryptocurrencies. With over $500B of cash on FAANG balance sheets (mostly sitting in near 0% interest bonds), management teams are often well versed in the crypto ecosystem and desire to delve deeper into the payments industry. This led large companies to join the fray - e.g., Tesla. To learn more, click here.
Last week, John Butler and Andrew Simon have updated their views on Bitcoin and argued that the Tesla Bitcoin bombshell might turn into a flood, click here to learn why.
Source: Macro Hive