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The purpose of this briefing is to report on the result of a business report which compared investment in bitcoin and other Australian multinational corporation. The companies are BHP Billiton (BHP) from the mining sector, Commonwealth Bank of Australia (CBA) from the bank sector, and Telstra Corporation (TLS) from the telecom sector. In this briefing, we are recommending that one an investor should invest in Bitcoin rather than investing in Telstra Corporation Limited.
Summary of Results
According the analysis in the business report, it is evident that that the weekly return on Bitcoins is constantly increasing whereas for TLS, the trend on the weekly returns has been diminishing since 2014. The two graphs below show the trends of Bitcoins and TLS weekly returns.
Based on the analysis above, it is evident that the weekly return on bitcoin is continuing to increase, thus becoming more profitable, whereas for the TLS, the weekly investment continues to decrease, thus not profitable.
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