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BTC $79,352.91 -2.52%
ETH $2,291.25 -4.43%
BNB $718.44 -3.89%
XRP $1.26 -3.52%
SOL $99.02 -5.02%
TRX $0.3286 -0.28%
DOGE $0.0752 -5.73%
ADA $0.2017 -6.01%
BCH $268.54 -5.66%
LINK $11.31 -5.54%
HYPE $74.83 -3.97%
AAVE $134.41 -8.29%
SUI $0.9174 -6.95%
XLM $0.1676 -4.72%
ZEC $1,133.07 -8.16%
AAPL $346.33 -0.46%
AMZN $247.61 -0.77%
GOOGL $318.66 -1.60%
MSFT $521.87 -0.66%
META $639.46 -1.09%
NVDA $211.06 -0.77%
TSLA $369.11 -1.18%
SNDK $1,215.27 -5.32%
INTC $85.60 -2.04%
SPCX $145.74 -1.34%
MU $871.59 -1.75%
AMD $512.95 -1.45%

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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