In the recent year or so Bitcoin has been increasingly positioning itself as an option of protection against depreciation of fiat money and other damaging market occurrences. As a result of this, many companies are shifting their attention to cryptocurrency, as altcoins also face growing demand.
The next business to join this group is a firm from the sewing industry. Custom clothing maker RushOrderTees has revealed its plan to convert $1 million of its assets into Bitcoin, Ethereum, and other cryptos over the coming two months.
In an official announcement, the company expresses its belief in the potential of Bitcoin and blockchain technology. In this respect, RushOrderTees CEO Mike Nemeroff, a well-established crypto hodler, remarked:
“This investment is our chance to be at the front of what could potentially alter world trade forever.”
Later, it became clear that the Kessler Collection luxury hotel group will start accepting BTC and other crypto assets, including DOGE, as a means of payment.
Undeniably, Tesla’s recent investment in BTC was a trigger for parallel investments by other enterprises. However, Daniel Ives, a Wedbush Securities analyst, expects that a maximum of 5% of companies will engage in the trend in the lack of regulatory clearness over the crypto market in the foreseeable 12-18 months.
