BTC $64,104.83 +1.39%
ETH $1,895.23 +0.21%
BNB $600.83 -0.39%
XRP $0.9946 -0.26%
SOL $75.88 +0.78%
TRX $0.3327 -0.10%
DOGE $0.0698 -0.53%
ADA $0.1729 -0.95%
BCH $203.30 -0.59%
LINK $9.44 +0.44%
HYPE $59.45 +0.31%
AAVE $88.56 +3.03%
SUI $0.6470 -4.12%
XLM $0.1535 -2.44%
ZEC $505.33 -0.74%
BTC $64,104.83 +1.39%
ETH $1,895.23 +0.21%
BNB $600.83 -0.39%
XRP $0.9946 -0.26%
SOL $75.88 +0.78%
TRX $0.3327 -0.10%
DOGE $0.0698 -0.53%
ADA $0.1729 -0.95%
BCH $203.30 -0.59%
LINK $9.44 +0.44%
HYPE $59.45 +0.31%
AAVE $88.56 +3.03%
SUI $0.6470 -4.12%
XLM $0.1535 -2.44%
ZEC $505.33 -0.74%

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.