Nexon becomes the next company to purchase Bitcoin and put it on the balance sheet. An Asian video game publisher just announced a $100m investment in Bitcoin with an average price around $58k.
This is truly a trend of major companies that are going to be doing this. Elon and TSLA came after $MSTR and $MARA and $RIOT and soon to be multiple billion dollar companies to be buyers.
I believe the big bubble has began. The path to $250k for Bitcoin is under way and in the words of Elon...$AAPL, $MSFT, $FB, etc are inevitable.
This is a really great trend started in the corporate world. They are taking quite a huge risks in buying the bitcoin at these levels. There is definitely a path to $250 thousand for bitcoin very soon.
Let’s Ride!
The true risk for companies is having their treasury reserve in cash that is declining in value every second. BTC allows them to store value and also easily turn it back into cash as needed as Elon have demonstrated.
Posted Using LeoFinance Beta
$FB was rumored today