Corporate Bitcoin Allocation Climbs As Companies Invest 22% Of Profits: Study
Bitcoin’s climb past $124,000 this year is being pushed by more than hedge funds and ETFs. According to River, a crypto financial services firm, a steady trickle of purchases from small and mid-size businesses has built a quieter, yet meaningful, layer of demand. Related Reading: California Gov. Newsom Fires Back At US President With ‘Trump […]
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With appetites for BTC allocations firmly present, calculations suggest that even small buy-ins would have a dramatic effect on price action. Bitcoin (BTC) could fetch at least a $535,000 price tag if corporate buyers convert 10% of their cash reserves to the largest cryptocurrency.In one of the various conclusions from its latest report, "Bitcoin: Preparing for Institutions," investment firm Ark Invest said that even a 1% allocation from S&P 500 companies would be enough to increase BTC/USD spot prices by $40,000.Minimum corporate BTC allocation: 2.55%The findings come as institutional....
The study also concluded that temporary crypto market decline and volatility are not enough to diminish the importance of cryptocurrencies in investment portfolios. Allocating funds to crypto investment positions has been shown to have a positive impact on the performance of diversified investment portfolios.According to a research study by crypto asset management outfits Iconic Funds and Cryptology Asset Group, the ability of crypto investments to positively impact the performance of investment portfolios cuts across several asset allocation models.Crypto’s ability to improve the....
Bitcoin’s price is supported by “robust network fundamentals,” says ARK Invest. If more companies allocate a portion of their balance sheet to BTC, the price could skyrocket. The Bitcoin (BTC) price could be headed a lot higher as more companies allocate a portion of their treasuries to the digital asset, according to new research from ARK Invest. In its annual Big Ideas report, ARK said Bitcoin’s price would increase by roughly $40,000 if “all S&P 500 companies were to allocate 1% of their cash” to BTC. This scenario isn’t entirely unrealistic as support for the BTC network continues to....
NVK, creator of bitcointreasuries.org, sees corporate bitcoin allocation as not just a good thing for these companies. It benefits every Bitcoiner. The post As Corporations Build Bitcoin Treasuries, We All Win appeared first on Bitcoin Magazine.
A recent study published by Gambler’s Pick notes that Gen Zers are less likely to invest in traditional investments like equities and more likely to invest in cryptocurrencies, meme investments, and non-fungible tokens (NFTs). Gen Z More Likely to Invest in Cryptocurrencies and Meme Investments Than Stocks and Common Assets The web portal gamblerspick.com published a study at the end of April that highlights the investment choices of Gen Zers. Generation Z or Gen Z for short is a demographic that succeeds Millennials. The group colloquially known as “zoomers,” were born....