Up to 5% of public companies will follow Tesla's Bitcoin buy, says Wedbush an...
Dan Ives, Wedbush Securities’ managing director, says companies are going to start FOMOing into Bitcoin very soon. 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. “I think Tesla is going to double down on its Bitcoin investment,” he said. "No doubt this is something @elonmusk and @Tesla they're....
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Tesla is about to make more money from its Bitcoin investments than profits from selling its electric vehicle cars in all of 2020, an analyst at Wedbush Securities said. American electric car giant Tesla has seen some massive gains from its Bitcoin (BTC) investment, reportedly having made up to $1 billion in profit, according to a new report.An analyst at Wedbush Securities, a private investment firm in the United States, has calculated that Tesla has made “roughly $1 billion” in the aftermath of its $1.5 billion Bitcoin investment. Daniel Ives estimated Tesla’s Bitcoin profits in an....
Following Tesla’s move to invest $1.5 billion in bitcoin, analysts are predicting that a flood of other companies will follow suit. Mad Money’s Jim Cramer thinks that all companies should put bitcoin in their balance sheets, and Twitter reveals that it is already looking into doing that. Other Companies Will Follow Tesla’s Bitcoin Example, Say Analysts Following the groundbreaking move by Elon Musk’s Tesla to put $1.5 billion of the company’s cash reserve into bitcoin, many people are expecting other companies to make a similar move. Mad Money host Jim Cramer....
Think bitcoin isn't a topic of conversation among traditional financial companies? Think again. Financial services and investment firm Wedbush Securities is holding what they're calling a Transformational Technologies Conference at Le Parker Meridien in New York City today. The conference, according to Wedbush, "connects institutional investors with management executives from prominent public and private companies specializing in digital media, Internet and technology." Among the slew of discussion topics is - you guessed it - bitcoin. Wedbush Managing Director Gil Luria will be exploring....
Wedbush Securities, a very large investment banking and brokerage firms is looking to hire a Bitcoin director to oversee all aspects of Bitcoin transactions within the firm. According to the Wedbush website, the position opening went live on January 8th 2015 and Wedbush seek to fill the position as soon as possible. After acquiring holdings in the Buttercoin Bitcoin exchange last year, Wedbush Securities wish to further expand their reach as well as continue to look into the technology for the future. Also read: Wedbush Securities Acquires Holdings in Buttercoin Bitcoin Exchange Service.....
Dan Ives, Wedbush Securities’ managing director, believes BTC is on the cusp of a much bigger adoption story. Wedbush Securities, a prominent wealth manager based in Los Angeles, California, believes Bitcoin (BTC) is becoming a permanent fixture in the global financial marketplace.Managing director Dan Ives informed clients on Wednesday that corporate adoption of Bitcoin represents a much bigger story than merely predicting the digital currency’s future price.“We believe the story and theme here is much larger than just investing in Bitcoin and predicting its future price, but rather....