Corporations are going to keep buying Bitcoin until they stop being rewarded

Every publicly traded company that has bought bitcoin has been hugely rewarded.

If something keeps working, you keep on doing it right?

That's exactly the mindset that many public companies that are likely experiencing right now.

Every single publicly traded company that has purchased bitcoin has seen their stock go up MORE than the bitcoin price appreciation of their investment.

Until that changes, corporations are likely to keep piling into bitcoin.

Why shouldn't they?

They are gaining on their bitcoin investment and they are gaining in share price appreciation.

It's a win win.

We've seen this most notably with MSTR and TSLA, but there have been others as well.

Regarding TSLA, they already made more on their bitcoin investment than the made from selling cars in the last quarter...

Wowza!

And now we are possibly going to see this trend continue with TWTR...

(Source: https://twitter.com/JasonYanowitz/status/1359514628221513729)

TWTR looking to buy some Bitcoin?

TWTR had earnings yesterday and the CFO mentioned that the company was looking very hard at bitcoin right now.

He said they were looking at how to pay their employees in bitcoin and also how/if they should add it to their balance sheet.

Can you guess how the stock price reacted?

Here's a sneak peak...

(Source: https://twitter.com/BTC_Archive/status/1359514724455632899/photo/1)

Sure some of that had to do with earnings, in fact maybe most of it did, but there was no denying that the stock saw some additional momentum when they started talking about adding bitcoin.

Considering that Jack Dorsey added bitcoin to Square already, I think the odds of TWTR following suit is probably pretty high.

Sure the CFO may have the final say, but if Jack is there nudging him saying, "hey go ahead an put some bitcoin on there", I don't think he will refuse...

If he does he may not be working there for every long.

As long as companies keep being rewarded for buying bitcoin, they are going to keep doing it.

And considering where we thinking bitcoin is headed this year, they are very likely to continue to be rewarded for at least the next year or so.

Stay informed my friends.

-Doc