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!

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