Elon Musk finally plunges into Bitcoin, who will be the next?

Tesla CEO Elon Musk has been consecutively talking about cryptocurrency in the past few weeks, and finally filed to the U.S. Securities and Exchange Commission(SEC) yesterday that Tesla has invested US$1.5 billion in Bitcoin, and planned to open up crypto payment for the customers. Simultaneously, technology companies to become the next participant has once again become the hot topic in the crypto world. So, which company will be more likely to move to Bitcoin?

Apple, the world leading technology company with the largest market capitalisation, has been highly cherished to support cryptocurrencies in its system. In September 2019, Apple vice president Jennifer Bailey told CNN in an interview: “ We’re watching cryptocurrency. We think it’s interesting. We think it has interesting long-term potential.” which seems Apple would open greenlight on cryptocurrency. However, Tim Cook, the CEO of Apple showed his opposite stand towards Facebook’s Libra project. “I really think that a currency should stay in the hands of countries.” Tim Cook reported to a French financial newspaper Les Echos. Despite they were in a total disagreement, Tim Cook actually did not entirely ban cryptocurrency.

Jeff Bezos, CEO of Amazon, seldom discusses cryptocurrency on social media, but we can infer from his investment. In 2020, Jeff Bezons raised US$30 million to an African cross-border fintech startup Chipper Cash, at the same time, Chipper Cash was launching crypto trading services, enabling its customers to buy cryptocurrencies and stocks via their app. As a result, it is believed that Jeff Bezos does not resist or oppose cryptocurrency, and is even driving the development of crypto.

As of press time, Bitcoin is above US$46,000. It’s market capitalization reaches US$860 billion, surpassing Tesla and ranks #7, according to AssetDash.

TideBit is a leading crypto asset exchange supporting fiat currency.