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Data: U.S. companies are expected to purchase over ten billion dollars worth of Bitcoin within the next 18 months

Data: U.S. companies are expected to purchase over ten billion dollars worth of Bitcoin within the next 18 months

Bitget2024/09/07 01:10

According to a recent report by Bitcoin technology company River, about 10% of U.S. companies will convert 1.5% of their cash reserves (approximately $10.35 billion) into Bitcoin within the next 18 months. The report points out that traditional corporate financial strategies rely on cash and short-term equivalents, but these often fail to beat inflation, leading to depreciation of reserves. Since 2020, companies allocating 3% in Bitcoin have been better able to withstand inflation. The report also mentions that MicroStrategy's founder Michael Saylor has increased his 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 "economically immortal" asset for businesses, while Buffett refuses to add Bitcoin to his investment portfolio.

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