Viewpoint: Medium-sized companies and non-profit organizations are converting their assets into BTC

ChainCatcher news, according to CoinGape, Abra CEO Bill Barhydt stated that medium-sized companies and non-profit organizations are increasingly converting their assets into Bitcoin. This trend follows the successful strategy implemented by MicroStrategy, which has seen its stock price appreciate due to holding a large amount of Bitcoin.

Barhydt expects that many medium-sized companies and non-profit organizations with substantial dollar reserves will convert these reserves into Bitcoin, and the stock prices of these companies will follow the upward trend seen by MicroStrategy after acquiring Bitcoin.