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Learning & News => News related to Crypto => Topic started by: newshunter on November 21, 2020, 07:00:38 PM

Title: Corporate Bitcoin frenzy: Companies now hold $15.3 billion in BTC
Post by: newshunter on November 21, 2020, 07:00:38 PM

Corporate Bitcoin frenzy: Companies now hold $15.3 billion in BTC

Companies now hold over 842,000 BTC, which at the current Bitcoin price of $18,200, is worth $15.3 billion.

Source: Corporate Bitcoin frenzy: Companies now hold $15.3 billion in BTC (https://cointelegraph.com/news/corporate-bitcoin-frenzy-companies-now-hold-15-3-billion-in-btc)

Would appreciate your opinion about this

Title: Re: Corporate Bitcoin frenzy: Companies now hold $15.3 billion in BTC
Post by: bigcash2011 on November 21, 2020, 10:01:07 PM

I think we are now seeing the institutional money flow to bitcoin finally that was being talked about a lot since last 2 years, it is expected that institutional money alongwith defi locking may result in scarcity of circulating btc and eth that can result in a powerful parabolic bull run.

Title: Re: Corporate Bitcoin frenzy: Companies now hold $15.3 billion in BTC
Post by: KryptoBull on November 22, 2020, 02:24:43 AM

Compared to PayPal's 12M USD figure, the figure of nearly 16B USD BTC being owned by large businesses is good news for the community. That shows the big players in the traditional economy are taking BTC really seriously. However, the eternal problem arises: will BTC be misused when viewed as a store of value rather than a new payment method?