Corporate Bitcoin treasuries are here, which can only mean good things

Corporate Bitcoin treasuries are here, which can only mean good things


[social-share align="stretched" style="button" size="m" template="6" animation="no" counters="yes" counter_pos="hidden" total_counter_pos="leftbig" buttons="facebook,twitter,parlerbutton,mail"]

Holding Bitcoin (BTC) in treasury will soon become a corporate standard. Wall Street firm MicroStrategy recently made headlines when it decided to allocate a large portion of its treasury to Bitcoin, buying over 21,000 BTC in August and almost 17,000 more in September, making its CEO, Michael Saylor, seem quite prescient already. MicroStrategy stock rallied just like BTC as well — by 50%. According to Saylor, Bitcoin was the best inflation hedge and store of value, and in his words, “Cash is trash.” His wager has, so far, been handsomely rewarding.

Related: MicroStrategy buying Bitcoin shows institutional investors seek to de-risk

Technically speaking, Bitcoin is, in fact, a worldwide store of value. BTC is not just a United States or an Asian phenomenon — it is held and exchanged around the world via myriad local exchanges, making the available liquidity pool both global and capillary in granularity.

Trending: Six Videos Show Votes From Five Different States Being Switched From Trump To Biden On Live TV

There are many technical reasons for calling Bitcoin an inflation hedge. BTC

Continue reading

[social-share align="stretched" style="button" size="m" template="6" animation="no" counters="yes" counter_pos="hidden" total_counter_pos="leftbig" buttons="facebook,twitter,parlerbutton,mail"]
You Might Like

Do NOT follow this link or you will be banned from the site!