These are the big companies that invest in bitcoins – Investments – E-Investor

These are the big companies that invest in bitcoins – Investments – E-Investor
These are the big companies that invest in bitcoins – Investments – E-Investor
The strong appreciation of crypto assets has made many investors look at the currencies with good eyes when it comes to diversifying the portfolio. According to the payment platform, 106 million new users entered the ecosystem in January this year, a 15.7% jump from December 2020.

This movement is also accompanied by large companies, such as Tesla it’s the Paypal, who started to invest in bitcoins. The success of digital assets has been reflected in large numbers since the year past. On March 13, for example, bitcoin renewed its historical record, with a price of $ 60,000.

Considering the price (R $ 5.72) of the American currency on Thursday, April 1, the amount is equivalent to R $ 343.2 thousand. Throughout 2020, bitcoin’s valuation was on the 300% scale. In February, the main cryptocurrency the world won the endorsement of Ray Dalio, one of the best known names in the global market, which compared bitcoin to gold.

“Those who built it and supported the dream of making this new type of money a reality, did a fabulous job of sustaining that dream and turning Bitcoin (and also its analogous competitors) into an alternative asset similar to gold”Said Dalio.

Interest is also seen in other cryptocurrencies. The second most important international player, Ether (ETH), the project’s crypto Ethereum, reached the price of US $ 1.5 thousand for the first time in February this year, exceeding its historical maximum. Still in 2021, the third largest cryptocurrency, the Cardano, reached a market value of about $ 34 billion, compared to $ 5.6 billion, according to the data tracker. In Brazil, the market has also been developing.

The Securities and Exchange Commission (CVM) authorized the manager Hashdex to launch in the country the first Exchange-Traded Fund (ETF, index fund) of crypto assets in the world. This will be the first product of its kind to be traded on the Brazilian stock exchange.

Despite all the success, investors need to remember that cryptocurrencies are very volatile and fall into the category of high-risk investments. In addition, the segment is not yet regulated by central banks and transactions are recorded using blockchain technology, which records the amounts transferred, the senders and recipients.

“Cryptocurrencies were created precisely to have no government intervention. Anyone who wants to invest in bitcoins should look for brokerages accredited by the CVM itself, as they have integrity, are inspected and carry out applications in cryptocurrencies in a safe manner ”, suggests lawyer and economist Alessandro Azzoni.

Interest of large companies

With more companies investing in crypto, the expectation is that this market will gain more traction in 2021. Matias Bari, CEO and co-founder of SatoshiTango, listed the entry of some companies that bet on the universe of cryptos, through investments in bitcoin. “It is no longer a gamble to be a decision of these great actors that drive the massive adoption of bitcoin and the rest of crypto,” says Bari.

This has been the most prominent case recently. In addition to changing his Twitter biography to “#Bitcoin”, South African businessman Elon Musk bought $ 1.5 billion in bitcoins in early February. “This fact was not a surprise, since in 2020 there were also large companies that surrendered to the bitcoin wave,” says Bari.

The software company said its intention was to adopt cryptocurrency as its main store of value. In August 2020, he purchased 21,000 bitcoins for $ 250 million. In December, the company purchased an additional 29,646 bitcoins for an amount of $ 650 million. In February of last year, MicroStrategy reported a new purchase of 19,452 bitcoins, equivalent to about US $ 1.03 billion.

In October 2020, Paypal announced that it would offer cryptocurrency buying and selling services on its platform. “The entry of the online payment system was a moment of disruption and boosted the massive adoption of crypto assets, increasingly impacting the price of bitcoin”, analyzes CEO and co-founder of SatoshiTango.

The American bank presented, at the end of last year, a report in which it analyzes three reasons why bitcoin has a long-term potential. The company’s move came after Paypal entered the ecosystem. “If before I had doubts, now JP Morgan not only drives the purchase of crypto, but also considers the creation of a cryptocurrency native to the company,” says Bari.

In October 2020, Twitter creator Jack Dorsey’s fintech invested about $ 50 million to acquire 4,709 bitcoins. In February of this year, the creator of Twitter and rapper Jay Z announced the creation of a fund focused on Africa and India, with an investment of 500 bitcoins, valued at around US $ 23 million.

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