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27 February 2021

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


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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. .

Wedbush Securities believes that 3% to 5% of publicly-listed companies will go down the Bitcoin rabbit hole over the next 12 to 18 months, although their adoption will be limited to investments only, Ives said

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