Nextech AR Invests $2 Million in Bitcoin
British Columbia-based Nextech AR Solutions, a leading augmented reality (AR) and virtual experience platform, has joined the Bitcoin rally by investing $2 million in the cryptocurrency. The company announced its purchase on Tuesday, signaling its belief in Bitcoin as a long-term store of value and an integral part of its capital diversification strategy.
Why Nextech AR Chose Bitcoin
Company Vision:
Nextech AR aims to leverage Bitcoin to maximize returns for its stakeholders. The company sees Bitcoin as:
- A better alternative to cash reserves, which currently yield 0.06% interest.
- A rising digital asset with the potential to challenge gold’s market dominance.
Evan Gappelberg’s Statement:
The company’s CEO expressed enthusiasm for expanding Bitcoin holdings in 2021, noting:
“We think that as part of the digital transformation, a paradigm shift to digital gold is underway. As Bitcoin is seen more and more as a store of value, just like gold, it will catch up to gold.”
Nextech AR: A Leader in Augmented Reality
Founded as a virtual experience platform, Nextech AR specializes in creating cutting-edge AR and virtual event solutions for businesses and institutions.
Clientele:
Nextech’s services are used by industry leaders such as Cisco, IBM, and Oracle, helping businesses integrate AR into their operations.
Recent Developments:
- In 2020, the company launched a SaaS platform focused on enabling augmented reality for e-commerce.
Bitcoin’s Growing Appeal to Businesses
Nextech AR’s Bitcoin investment follows a growing trend of companies adopting the cryptocurrency as a reserve asset:
Inspiration from Industry Leaders:
The company cited MassMutual, MicroStrategy, and Guggenheim Partners as examples of firms successfully integrating Bitcoin into their financial strategies.
Bitcoin vs. Gold:
- Gold’s total market cap: $10 trillion.
- Bitcoin’s total market cap: $500 billion.
- Nextech AR sees Bitcoin as a rising competitor to gold, with untapped growth potential.
Bitcoin’s Current Rally
Bitcoin is trading at $28,430 as of this publication, nearing the $30,000 milestone.
Potential Milestone:
- Crossing $30,000 would mark a historic achievement for Bitcoin, solidifying its position as a dominant digital asset.
- Increased adoption by companies like Nextech AR suggests a paradigm shift toward cryptocurrency as a mainstream investment asset.
Conclusion
Nextech AR’s $2 million investment in Bitcoin underscores its confidence in the cryptocurrency’s potential as a store of value and hedge against inflation. With Bitcoin’s momentum showing no signs of slowing, more companies may follow Nextech AR’s lead in adopting Bitcoin as part of their financial strategies.
To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.