After Tesla invests in Bitcoin, traditional investment institutions have something to say

BlockBeats news, after Tesla announced its investment in Bitcoin on February 8 and began to accept Bitcoin as a payment method, the price of Bitcoin has risen all the way and set a new record, the highest breakthrough $48,000. Bitcoin’s social media activity is also at an all-time high amid heavy publicity from Tesla CEO Elon Musk. According to Joshua Frank, co-founder and CEO of crypto data provider TIE, “non-bot accounts” tweeted 143,000 times about Bitcoin in the past 24 hours.

In addition to the general joy expressed by crypto investors on social media, some traditional investment institutions expressed their concern about Tesla’s investment in Bitcoin also expressed his views.

Ronald Stephen Baron, one of Tesla’s shareholders and manager of an American mutual fund, said that Tesla It doesn’t surprise him that La is investing in Bitcoin, and Baron believes that investing in Bitcoin from a business giant like Tesla will drive its mass adoption.

Similarly, Wedbush from Los Angeles is also positive about this incident manner. Wedbush analyst Daniel Ives said that Tesla's speculation in Bitcoin will have a ripple effect on companies around the world. In addition, Ives believes that Tesla's acceptance of Bitcoin as a payment method will bring more momentum to Tesla stock, and more investors will start to value Tesla's Bitcoin/cryptocurrency exposure , and include it as part of the overall valuation. Ives predicts that Tesla's stock price will soar to $1,250 after the bull market comes.

Tesla short GLJ Research, as always, is bearish on Tesla. Gordon Johnson, CEO of GLJ Research, said that Tesla started investing in Bitcoin because its business development encountered a bottleneck and it was difficult to break through. Gordon Johnson believes that starting to invest in Bitcoin indicates that Musk has fallen into "desperation" because his company is facing unprecedented severe challenges and can only pin its hopes on Bitcoin. If Tesla had sold all of its bitcoins today, they would have made as much as $200 million, more than enough to offset losses in Tesla's auto business.

RBC Capital, the capital of the Royal Bank of Canada, did not talk too much about Tesla, but used it as a talk Apple conspired. RBC Capital analyst Mitch Steve said that although electric vehicles are a direction that can be promoted in the long run, there are great risks for Apple and Tesla to compete in the field of electric vehicles. Steve would like to see Apple start to get involved in encryption. field. Steve said that if Apple enters the encryption business, they will "immediately gain market share and disrupt the industry." Apple has 1.5 billion users, and the simple promotion of the encryption business may increase Apple's annual revenue by 15%. $40 billion. Steve also said that if Apple buys $1 billion worth of bitcoin, users will look forward to the birth of the "Apple Exchange", and the price of bitcoin will continue to rise.

In recent years, ARK Invest, one of the most beautiful investment companies in the US market, has not interpreted this matter too much , its encrypted asset analyst Yassine Elmandjra briefly commented on one word: Convergence. CEO Cathie Wood then retweeted the tweet.

Perhaps as Elmandjra commented, Tesla, as a technology giant, has finally been "assimilated" and integrated into encryption The "small" circle of the field, and accept and recognize Bitcoin. So maybe other companies are far from being assimilated?

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