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HomeBitcoin NewsPwC Chief: Mexican Companies Want to Follow Tesla into Bitcoin Investment

PwC Chief: Mexican Companies Want to Follow Tesla into Bitcoin Investment

Mexican companies are developing an interest in following the lead of companies north of the border – and could seek to emulate the bitcoin (BTC)-buying leads of United States-based companies like Tesla.

These were the conclusions of a report from El Economista, which quoted Mauricio Hurtado, managing partner of PwC Mexico as stating that Mexican firms were now keen to climb aboard the bitcoin bandwagon.

Hurtado claimed that while in the past firms were concerned that a lack of regulatory oversight body made crypto too risky as an investment asset, things have changed in recent times – and added that many feel they simply cannot afford to stay out of “what is happening” around them.

He claimed that Mexican firms’ confidence in crypto investment has been “raised” by other players’ transactions, with MicroStrategy and Square also active in the bitcoin-buying field, while major international banks have also made their crypto intentions clear.

And the PwC executive added that “a significant number of players” see “these currencies” as a “reliable transaction mechanism.”

He said,

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