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Bloomberg analysts predict that Meta will be the next large company to adopt Bitcoin.
Gate News bot news, Bloomberg senior ETF analyst Eric Balchunas recently pointed out that the actions of a "Big Boy" company will prove that it is reasonable for corporate finance departments to adopt this asset. He also added that it seems inevitable for large public companies to incorporate Bitcoin in the current cycle.
It also stated that the entry of a single company like Meta or Microsoft could have a signaling effect greater than that of all smaller companies combined, as institutional investors would track the financial policies of these companies.
In addition, the analyst listed Meta as a possible first mover. When asked why Tesla's entry in 2021 didn't meet the same threshold, Balchunas replied that the company "doesn't count" in the current cycle because the company hasn't increased its holdings since the last bull run.
Balchunas made these remarks after Strive CEO Matt Cole called on Meta CEO Mark Zuckerberg to adopt a Bitcoin financial strategy.
Source: CryptoSlate