BTC $79,623.21 +1.43%
ETH $2,518.80 +1.56%
BNB $755.53 -0.31%
XRP $1.44 +3.52%
SOL $104.77 +1.65%
TRX $0.3393 +0.42%
DOGE $0.0911 +1.98%
ADA $0.2222 +2.05%
BCH $260.20 +1.38%
LINK $12.49 -1.54%
HYPE $86.46 +2.60%
AAVE $130.71 -0.15%
SUI $0.8255 +0.69%
XLM $0.1900 -0.02%
ZEC $1,242.82 +9.63%
BTC $79,623.21 +1.43%
ETH $2,518.80 +1.56%
BNB $755.53 -0.31%
XRP $1.44 +3.52%
SOL $104.77 +1.65%
TRX $0.3393 +0.42%
DOGE $0.0911 +1.98%
ADA $0.2222 +2.05%
BCH $260.20 +1.38%
LINK $12.49 -1.54%
HYPE $86.46 +2.60%
AAVE $130.71 -0.15%
SUI $0.8255 +0.69%
XLM $0.1900 -0.02%
ZEC $1,242.82 +9.63%

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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