BTC $62,806.26 -0.16%
ETH $1,797.48 +0.90%
BNB $569.97 +0.09%
XRP $1.07 -0.72%
SOL $75.34 -1.22%
TRX $0.3251 -0.64%
DOGE $0.0722 -0.09%
ADA $0.1590 -0.36%
BCH $237.58 -0.10%
LINK $7.98 +0.55%
HYPE $63.85 -1.80%
AAVE $96.45 +0.76%
SUI $0.7329 +0.18%
XLM $0.1802 -2.05%
ZEC $508.78 -0.81%
BTC $62,806.26 -0.16%
ETH $1,797.48 +0.90%
BNB $569.97 +0.09%
XRP $1.07 -0.72%
SOL $75.34 -1.22%
TRX $0.3251 -0.64%
DOGE $0.0722 -0.09%
ADA $0.1590 -0.36%
BCH $237.58 -0.10%
LINK $7.98 +0.55%
HYPE $63.85 -1.80%
AAVE $96.45 +0.76%
SUI $0.7329 +0.18%
XLM $0.1802 -2.05%
ZEC $508.78 -0.81%

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.

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