PepsiCo Chief Financial Officer: We Don’t Intend To Invest Cash In Bitcoin

PepsiCo Chief Financial Officer: We Don’t Intend To Invest Cash In Bitcoin


Just recently, Bitcoin has been spiking again. But the influential CFO of PepsiCo – Hugh Johnson, clearly stated that America’s corporate society wouldn’t bulge by the digital currency’s seductive price appreciation.

Moreover, he added that corporate America wouldn’t indulge the world’s lead digital currency by putting it on their balance sheets.

Hugh’s Reasons For Disagreeing With Utilizing Bitcoin

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Although the masses predict that the price increase will entice more whale investors, Johnson informed that the contrary should be the case. Bitcoin’s high speculativeness is a contrast to the financial safety companies’ desires to handle their assets.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

Undeniably, Bitcoin’s alluring movements within the past few months provided a tremendous financial advantage to non-conformist

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