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BTC $63,454.96 +3.00%
ETH $1,684.75 +4.26%
BNB $607.65 +2.77%
XRP $1.18 +3.40%
SOL $67.51 +4.36%
TRX $0.3259 -0.28%
DOGE $0.0868 +3.73%
ADA $0.1717 +7.10%
BCH $209.73 -5.63%
LINK $8.02 +4.66%
HYPE $64.54 +10.50%
AAVE $64.28 +4.07%
SUI $0.7617 +3.39%
XLM $0.2012 -2.17%
ZEC $451.97 +9.88%

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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