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Twitter and GM Are Considering Adding Bitcoin to Their Balance Sheets

Twitter and GM Are Considering Adding Bitcoin to Their Balance Sheets

Twitter could also be pursuing including Bitcoin to its stability sheet, to observe Square, which can be run by Jack Dorsey. The agency’s chief monetary officer Ned Segal indicated in an interview with CNBC that the agency is contemplating BTC as an asset that it will probably add to its stability sheet.

This dialogue comes after Tesla shocked the world when it was unveiled to have purchased a big sum of Bitcoin not too long ago.

Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment

Twitter to Buy Bitcoin Next?

Twitter could be the subsequent massive agency to purchase bitcoin, based on a current interview with the agency’s CFO and CNBC. The govt stated that Twitter has executed a “lot of the upfront pondering” when it comes to the way it can get entangled in Bitcoin and cryptocurrency, particularly mentioning including the asset to its stability sheet as a possible path it will probably take.

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“We have executed numerous the upfront pondering to think about how we’d pay workers ought to they ask to be paid in bitcoin, how we’d pay a vendor in the event that they requested to be paid in bitcoin and whether or not we have to have bitcoin on our stability sheet.”

"We’ve executed numerous the upfront pondering to think about how we’d pay workers ought to they ask to be paid in #bitcoin, how we’d pay a vendor in the event that they requested to be paid in #btc and whether or not we have to have #btc on our stability sheet," says @NedSegal $TWTR. pic.twitter.com/KjIgnqDmYC

— Squawk Box (@SquawkCNBC) February 10, 2021

This comes shortly after the chief govt of GM stated in a remark that his agency at the moment has “no plans” to spend money on Bitcoin however will “proceed evaluating.” The key phrase right here is “proceed,” suggesting that the agency was already contemplating making such a choice.

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GM CEO SAYS NO PLANS FOR COMPANY TO INVEST IN BITCOIN BUT WILL CONTINUE EVALUATING

— *Walter Bloomberg (@DeItaone) February 10, 2021

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
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Price Tags: xbtusd, btcusd, btcusdt
Twitter and GM Are Considering Adding Bitcoin to Their Balance Sheets

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