Mexican firms area unit Willing to affix the Bitcoin Bandwagon within the Wake of Tesla’s Investment, Says professional

Mexican firms area unit Willing to affix the Bitcoin Bandwagon within the Wake of Tesla’s Investment, Says professional


Bitcoin-buying delirium among major firms might hit Mexican corporations presently, as interest keeps increasing across the country. AN professional is expecting that native businesses can follow identical path as thought U.S.-based firms like Tesla.

Current Bitcoin Performance might build firms Rethink Their Business Models

During AN interview with El Economista, Mauricio Hurtado, managing partner of worth Waterhouse Cooper North American country, says Mexican companies’ current appetence to accumulate cryptos like bitcoin (BTC) is seeing optimistic steam.

Despite the uncertainties that cryptos have, current crypto market performances produce enough confidence to rethink this business model, aforementioned the professional. Hurtado additional on the matter:

This occurs as a result of there’s a major range of players UN agency area unit seeing in these currencies a dealings mechanism that’s reliable and thus, businesses suits market realities to prevail and have a bonus over their competitors; then you see a crucial amendment during this facet.

Tesla, Microstrategy, sq. Investments Leverage Bitcoin ‘as a Store of Value

Moreover, Hurtado aforementioned that cryptocurrencies bring some “stability” to individuals in terms of their plans for savings.

Citing Tomás Álvarez Melis, Volabit’s director, El Economista explicit that Microstrategy, Tesla, and Square’s million-dollar bitcoin investments additionally bolstered the consolidation of BTC as a store useful.

PWC’s managing partner united with such a press release, adding that crypto confidence is being transmitted to each retailers and firms. Hurtado detected that consulting corporations ought to keep an eye fixed on cryptocurrency developments and their client patterns:

“The technological changes that we tend to area unit experiencing have created several entrepreneurs, like Tesla, have a larger acceptance of cryptocurrencies as a method of payment in industrial transactions. It’s a trend that’s there, and we, as a firm, PWC, area unit terribly attentive in not neglecting all ancient currencies’ mechanical phenomenon. However in giving the eye that corresponds to all or any the changes in terms of even market consumption patterns within the matter technology and employment patterns of the men, that contains a correlation with currencies like this.”


Head of the technology.

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Published at Wed, 17 Feb 2021 07:14:10 +0000