Crypto News Blocks

Public Companies Now Hold Over $15 Billion Worth Of Bitcoin

  • As of Nov. 20, public companies are said to hold around 842,229 Bitcoin, which equates to a staggering $15.3 billion at the current price of $18,200.
  • This is significant because when companies acquire Bitcoin as a treasury asset, it shows they are not expecting short-term returns.
  • The demand for Bitcoin from companies and institutions likely comes from its growing reputation as a digital store of value.
  • Bitcoin is unique in that it can hedge portfolios against inflation like gold, but has the potential to see exponential growth.
  • Hedge assets are typically stagnant and demonstrate low volatility over a prolonged period. They are meant to operate as insurance for a diversified portfolio in case the market dips.
  • Bitcoin achieves both; it is able to operate as a hedge asset and also expose investors to large growth potential in the long term.
  • Read the full story here.

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