Richard Lyons, a finance professor at the University of California at Berkeley, says it’s inevitable. Lyons predicts bitcoin and other digital currencies “will become transactional currencies increasingly over the next five years. It’s not going to happen overnight,” he said.
But Reiners believes companies will remain hesitant to accept bitcoin for payment because of its volatility. Investors will have to grapple with that volatility as well. The price of bitcoin has soared and dipped since its debut on the futures market in 2017. A year ago, bitcoin sold for below $US10,000. Those fluctuations, analysts warn, could wreak havoc on a company’s bottom line and deter investors.
“Tesla is going to have to be very careful and comprehensive in accounting for its bitcoin investment on its books,” said Anthony Michael Sabino, a professor of law, at St. John’s University. “Like any other financial asset other than actual cash, it might fluctuate.”
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It's very clear that the same people who are driving 'climate change' hoax are driving the bitcoin
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