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BTC $78,043.80 -0.29%
ETH $2,184.07 +0.36%
BNB $652.66 -0.47%
XRP $1.41 -0.19%
SOL $86.46 -0.13%
TRX $0.3570 +1.12%
DOGE $0.1102 +0.32%
ADA $0.2548 -0.40%
BCH $412.48 -1.28%
LINK $9.71 -0.21%
HYPE $43.83 +7.23%
AAVE $90.58 +0.01%
SUI $1.06 -0.19%
XLM $0.1509 -1.05%
ZEC $516.38 +2.66%

Data: American companies expect to purchase over $10 billion in Bitcoin within the next 18 months

2024-09-07 08:03:31
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According to ChainCatcher news, a recent report from Bitcoin technology company River predicts that within the next 18 months, about 10% of U.S. companies will convert 1.5% of their cash reserves (approximately $10.35 billion) into Bitcoin. The report points out that traditional corporate financial strategies rely on cash and short-term equivalents, which often fail to outpace inflation, leading to a devaluation of reserves. Since 2020, companies that allocated 3% to Bitcoin have been better able to withstand inflation. The report also mentions that MicroStrategy's founder, Michael Saylor, has increased the company's market value by over 1000% through a Bitcoin financial strategy, far exceeding Warren Buffett's Berkshire Hathaway's growth of 104.75% during the same period. Saylor views Bitcoin as an "economic immortal" asset for businesses, while Buffett refuses to include Bitcoin in his investment portfolio.

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