Support from payment giant Visa and electric car revolutionary Tesla has bolstered the anticipated longevity of Bitcoin, resulting in a projected increase in future prices.
Al Kelly, CEO of Visa, recently discussed the company’s plans to get involved with cryptocurrency through a multi-pronged strategy pushing services related to Bitcoin, stablecoins and, on a more distant time horizon, central bank digital currencies, or CBDCs. Kelly revealed that the company is leaning into the crypto industry in a very big way and feels they are “extremely well-positioned”.
A Vision for the Future as Bitcoin Secures the Trust of Industry Leaders
Tesla Inc. CFO and Master of Coin Zachary Kirkhorn has announced that the company will continue to hold and accumulate Bitcoin, thanks to their sincere belief in the cryptocurrency’s long-term value. Despite concerns surrounding Bitcoin’s role in clean energy and influences on the environment, the digital coin remains on Tesla’s balance sheet as new findings surface regarding its potential positive effects on technology innovation for renewable energy. The company is accepting Bitcoin as payment for its popular electric vehicles and intends to hold Bitcoin earned from purchases made by customers, rather than converting it to cash.
Tesla CEO and renowned innovator Elon Musk frequently takes to social media to discuss cryptocurrencies and Bitcoin to his 50 million+ followers. Musk has long been praised for being a visionary leader, driving Tesla to become the first S&P 500 company to invest in Bitcoin, a move other companies are slowly beginning to replicate. Tesla invested $1.5 billion into Bitcoin in early 2021. Despite selling 10% of their holdings, the value of their remaining Bitcoin had risen to $2.5 billion as of March 31.
Scope of Opportunities Presented by Bitcoin are Driving Mainstream Acceptance
The increase in mainstream and corporate support of Bitcoin continues to push the cryptocurrency toward the position of a long-term asset, foreshadowing a significant increase in future prices. There is a growing, widespread consensus that the time to get into Bitcoin mining is now in order to capitalize on these expected gains.
Corporations such as Visa and Tesla have faith in this process as Bitcoin miners serve as a decentralized co-location for transaction verification, which speaks to the scope of opportunities presented by crypto mining that benefit individual miners and mining farms in more than 10 countries around the world. There’s never been a better time to join in on these opportunities, as ongoing mainstream use and acceptance of Bitcoin and cryptocurrency continues to be elevated by significant industry players.
Mining Bitcoin as a Next Step in Joining in on the Action
Mining equipment is typically priced at a 12-month payoff from the current Bitcoin price, meaning that if Bitcoin prices should increase after you buy, the period of time it takes to pay off your equipment is shortened. If the investments of industry leaders like Tesla and Visa are any indication, locking in mining equipment at today’s prices may set you up for even faster returns than predicted. Buying a Bitcoin miner allows you to mine for the next few years, making back your investment as opposed to buying Bitcoin directly for its market price. A lucrative investment such as this one is fully depreciable on tax returns as mining Bitcoin is parallel to purchasing it in smaller increments over time, further saving you money.
Wattum Management, a Bitcoin mining farm management company, provides new and used equipment sales, hosting, management, firmware, and mining pool opportunities for both individual miners and mining facilities looking to increase their investment in the trailblazing cryptocurrency. With a wide variety of quality miners for sale at nationally competitive rates, now is the best time to buy as increases in Bitcoin price will only increase the value and demand of available mining equipment.