There are also events that have gone up. Twitter rose 13.20%, Blue Ridge Bankshare rose 7.16%. Twitter is considering incorporating bitcoin into its balance sheetSaid. Is to follow Tesla. It wasn’t because of Bitcoin that Twitter stock price rose on this day. It was because the performance was good.
Blue Ridge Bankshare is a commercial bank in Virginia. Blue Ridge Bank ATM offers bitcoin trading servicesSaid. During the intraday, the stock price went up so much that it was temporarily suspended.
‘Bitcoin Theme Stock’ news is now common on Wall Street. Analysts are also just asking questions about publicly traded earnings calls. On this day, there was a conference call on GM’s quarterly results. Morgan Stanley analyst asks CEO Mary Barra if she wants to buy bitcoin.
“We don’t have any plans to invest in Bitcoin,” says GM CEO Mary Barra. In the meantime, they say they will monitor consumer demand for buying cars with Bitcoin.
“If consumer demand is strong in the future, there is nothing to’disturb’ us from doing it (bitcoin payments).(If there’s strong customer demand for it in the future, there’s nothing that precludes us from doing that.)”
It was moved crudely like Google Translate. It was because the English word’preclude’ was caught here. In fact, even if GM wants to pay with Bitcoin, there are so many obstacles. Is it a legal issue? No. The same goes for Tesla. We need a device to filter out illegal funds.
GM does not directly sell its own cars. It uses an incredible network of dealers. GM dealers across the United States and around the world must accept Bitcoin payments. Even if GM says it will do so at the headquarters level, independent dealers have to follow.
Tesla is different. You are relatively free from this dealer network. It seems that Elon Musk’s target number is becoming more and more clear. The automotive industry is a network industry that connects hundreds and thousands of companies vertically and horizontally.
Thousands of parts manufacturers, dealers and marketing companies exist to sell a single car. Interests and vested interests are intricately intertwined. Think of the Bitcoin bomb falling here. In the most traditional industries,’Mass Adoption’ is conducted in the most unconventional way.
There is one more industry that has a strong network of vested interests beyond the automobile industry. It is oil. This field is also linked to international supremacy. How do we get digital assets into the oil industry? If you make the Saudi Crown Prince a Bitcoin fan, you will never know.
The dynamics surrounding oil will have a chance to retell.