BTC $77,541.73 -2.79%
ETH $2,433.86 -2.51%
BNB $688.20 -2.95%
XRP $1.38 -3.07%
SOL $103.34 -3.07%
TRX $0.3384 -0.29%
DOGE $0.0844 -3.74%
ADA $0.1994 -4.90%
BCH $244.00 -7.39%
LINK $11.31 -3.42%
HYPE $81.09 -3.71%
AAVE $121.37 -3.65%
SUI $0.7344 -3.87%
XLM $0.1771 -3.65%
ZEC $791.04 -0.34%
BTC $77,541.73 -2.79%
ETH $2,433.86 -2.51%
BNB $688.20 -2.95%
XRP $1.38 -3.07%
SOL $103.34 -3.07%
TRX $0.3384 -0.29%
DOGE $0.0844 -3.74%
ADA $0.1994 -4.90%
BCH $244.00 -7.39%
LINK $11.31 -3.42%
HYPE $81.09 -3.71%
AAVE $121.37 -3.65%
SUI $0.7344 -3.87%
XLM $0.1771 -3.65%
ZEC $791.04 -0.34%

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

2024-09-07 08:03:31

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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