Twitter might be pursuing including Bitcoin to its balance sheet, to follow Square, which is likewise run by Jack Dorsey. The company’s primary monetary officer Ned Segal showed in an interview with CNBC that the company is thinking about BTC as a property that it can contribute to its balance sheet.
This conversation follows Tesla surprised the world when it was revealed to have actually purchased a large amount of Bitcoin just recently.
Associated Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment
Twitter to Purchase Bitcoin Next?
Twitter might be the next big company to purchase bitcoin, according to a current interview with the company’s CFO and CNBC. The executive stated that Twitter has actually done a “great deal of the in advance thinking” in regards to how it can get associated with Bitcoin and cryptocurrency, particularly pointing out including the possession to its balance sheet as a prospective course it can take.
” We have actually done a great deal of the in advance thinking to think about how we may pay workers must they ask to be paid in bitcoin, how we may pay a supplier if they asked to be paid in bitcoin and whether we require to have bitcoin on our balance sheet.”
” We have actually done a great deal of the in advance thinking to think about how we may pay workers must they ask to be paid in #bitcoin, how we may pay a supplier if they asked to be paid in #btc and whether we require to have #btc on our balance sheet,” states @NedSegal$TWTR pic.twitter.com/KjIgnqDmYC
— Squawk Box (@SquawkCNBC) February 10, 2021
This comes soon after the president of GM stated in a remark that his company presently has “no strategies” to buy Bitcoin however will “continue examining.” The keyword here is “continue,” recommending that the company was currently thinking about making such a choice.
GM CEO STATES NO PREPARES FOR BUSINESS TO BUY BITCOIN BUT WILL CONTINUE EVALUATING
— * Walter Bloomberg (@DeItaone) February 10, 2021
Associated Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Included Image from Unsplash. Chart from TradingView.com. Cost: xbtusd, btcusd, btcusdt. Twitter and GM Are Thinking About Including Bitcoin to Their Balance Sheets
Nick Chong Read More.