BTC $85,087.25 +0.54%
ETH $2,699.80 +0.62%
BNB $789.36 +3.04%
XRP $1.50 +0.83%
SOL $120.87 +1.32%
TRX $0.3348 -0.14%
DOGE $0.0931 +0.56%
ADA $0.2448 +0.69%
BCH $318.25 +2.33%
LINK $14.05 +0.62%
HYPE $90.51 +3.02%
AAVE $182.16 +0.69%
SUI $1.17 +1.62%
XLM $0.2167 +1.25%
ZEC $1,326.00 +0.64%
AAPL $333.52 +0.01%
AMZN $252.31 +0.12%
GOOGL $343.92 +0.04%
MSFT $518.20 +0.19%
META $729.62 +0.15%
NVDA $234.61 +0.05%
TSLA $371.37 +0.15%
SNDK $1,715.90 +0.01%
INTC $118.34 +0.12%
SPCX $159.12 +0.09%
MU $1,068.22 -0.03%
AMD $633.47 +0.10%
BTC $85,087.25 +0.54%
ETH $2,699.80 +0.62%
BNB $789.36 +3.04%
XRP $1.50 +0.83%
SOL $120.87 +1.32%
TRX $0.3348 -0.14%
DOGE $0.0931 +0.56%
ADA $0.2448 +0.69%
BCH $318.25 +2.33%
LINK $14.05 +0.62%
HYPE $90.51 +3.02%
AAVE $182.16 +0.69%
SUI $1.17 +1.62%
XLM $0.2167 +1.25%
ZEC $1,326.00 +0.64%
AAPL $333.52 +0.01%
AMZN $252.31 +0.12%
GOOGL $343.92 +0.04%
MSFT $518.20 +0.19%
META $729.62 +0.15%
NVDA $234.61 +0.05%
TSLA $371.37 +0.15%
SNDK $1,715.90 +0.01%
INTC $118.34 +0.12%
SPCX $159.12 +0.09%
MU $1,068.22 -0.03%
AMD $633.47 +0.10%

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.

app_icon
ChainCatcher Building the Web3 world with innovations.