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

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


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 going to dive into the deep end of the pool on #bitcoin because they’re not just doing it from an investment perspective, but from a transaction perspective,” says Wedbush’s Dan Ives on $TSLA and #btc. pic.twitter.com/0Wt2IHCdZI

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“No double this is something Elon Musk and Tesla […] they’re going to dive into the deep end of the pool on Bitcoin because they’re not just doing it from an investment perspective but

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