Mexican Companies to Follow Tesla in Buying Bitcoin According to Expert

By: Henry Felix

Mexican Companies to Follow Tesla in Buying Bitcoin According to Expert

February 19, 2021 10:46 PM

Mexican firms could join the Bitcoin buying wave shortly with increasing interest across the country. An expert indicate that Mexican based businesses will follow Tesla path.

 

Mauricio Hurtado, the managing partner of Price Waterhouse Cooper, says locally based Mexican companies are hungry to acquire crypt of like Bitcoin. the flagship crypto performance could lead to companies giving their business model a rethink.

 

Hurtado said:
Despite the uncertainties clouding the crypto industry, the current market performance should have created enough confidence for companies to rethink their current business model.

 

Microstrategy, Tesla and Square investment has leveraged Bitcoin (BTC) as a store of value. According to the expert cryptocurrencies attract some stability to people in terms of their saving plans.

 

Tomás Álvarez Melis cited the impact of large corporations like Tesla, Square and Tesla investment in Bitcoin has increased the consolidation of BTC as a store of value.