Corporate Bitcoin treasuries are here, which can only mean good things

Corporate Bitcoin treasuries are here, which can only mean good things

It is Bitcoin’s technical characteristics that make it an ideal, diversified corporate treasury holding. Holding Bitcoin (BTC) in treasury will soon become a corporate standard. Wall Street firm MicroStrategy recently made headlines when it decided to allocate a large portion of its treasury to Bitcoin, buying over 21,000 BTC in August and almost 17,000 more in September, making its CEO, Michael Saylor, seem quite prescient already. MicroStrategy stock rallied just like BTC as well — by 50%. According to Saylor, Bitcoin was the best inflation hedge and store of value, and in his words,....

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China Needs To Sort Out Its Corporate Debt, IMF Says

With so much volatility in fiat currency and stock markets, traditional debt-relief solutions are not a valuable option either. Interesting things are happening in the world of traditional finance these days. China, while often seen as a prosperous economy, has received a stern warning from the IMF. The country needs to address their corporate debt levels before things spiral out of control. This will put a lot of pressure on entrepreneurs and corporations, which may cause citizens to flock to Bitcoin in the long run. China is one of the many countries in the world today dealing with a....