BTC $62,554.15 -0.78%
ETH $1,783.64 -0.03%
BNB $569.24 +0.02%
XRP $1.06 -0.95%
SOL $74.98 -1.96%
TRX $0.3245 -1.62%
DOGE $0.0720 -0.36%
ADA $0.1583 -0.92%
BCH $235.87 -0.96%
LINK $7.91 -0.92%
HYPE $63.45 -2.37%
AAVE $96.10 +0.90%
SUI $0.7296 -0.41%
XLM $0.1780 -3.07%
ZEC $503.73 -2.22%
BTC $62,554.15 -0.78%
ETH $1,783.64 -0.03%
BNB $569.24 +0.02%
XRP $1.06 -0.95%
SOL $74.98 -1.96%
TRX $0.3245 -1.62%
DOGE $0.0720 -0.36%
ADA $0.1583 -0.92%
BCH $235.87 -0.96%
LINK $7.91 -0.92%
HYPE $63.45 -2.37%
AAVE $96.10 +0.90%
SUI $0.7296 -0.41%
XLM $0.1780 -3.07%
ZEC $503.73 -2.22%

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

2024-09-07 08:03:31
Collection

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.

app_icon
ChainCatcher Building the Web3 world with innovations.