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BTC $75,833.49 -2.00%
ETH $2,354.84 -3.11%
BNB $630.71 -1.62%
XRP $1.43 -3.58%
SOL $86.23 -3.23%
TRX $0.3292 +0.53%
DOGE $0.0950 -5.43%
ADA $0.2492 -4.54%
BCH $444.52 -2.16%
LINK $9.32 -3.44%
HYPE $44.15 -1.30%
AAVE $104.92 -9.95%
SUI $0.9584 -5.41%
XLM $0.1698 -2.97%
ZEC $322.52 -0.78%

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

2024-09-07 08:03:31
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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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