US companies forecast to buy $10.3B in Bitcoin over next 18 months — Report
The report claimed, a cash treasury “supplemented with a 3% allocation to Bitcoin” would have shielded companies from inflation since 2020.
A new report from River—a Bitcoin technology and financial services firm—forecasted that some companies in the United States will increase their exposure to Bitcoin (BTC) over the next 18 months.
According to the report, an estimated 10% of US-based companies will likely convert 1.5% of their treasury reserves, or approximately $10.35 billion, to Bitcoin over the next year and a half.
Projections of corporate Bitcoin holdings by 2026. Source: River
The report claimed, a cash treasury “supplemented with a 3% allocation to Bitcoin” would have shielded companies from inflation since 2020.
A new report from River—a Bitcoin technology and financial services firm—forecasted that some companies in the United States will increase their exposure to Bitcoin (BTC) over the next 18 months.According to the report, an estimated 10% of US-based companies will likely convert 1.5% of their treasury reserves, or approximately $10.35 billion, to Bitcoin over the next year and a half.Projections of corporate Bitcoin holdings by 2026. Source: RiverRead more