Ethereum & Other Altcoins Are All A "Pyramid Scheme" - Max Keiser.
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Bitcoin Above $50k - Who Might Invest Into BTC Now?
2021-02-17 | Robin Williams
“It’s important to recollect this is often a nascent phenomenon within the long timeline of corporate assets. Finance leaders who are tasked with ensuring financial stability aren't susceptible to making speculative leaps into the anonymous territory.”Other concerns expressed embody board risk aversion [39%], slow adoption as an accepted sort of payment or exchange [38%], lack of understanding [30%], cybersecurity risks [25%], and sophisticated accounting treatment [18%]. While it’s difficult to draw statistically significant results from such alittle samplesize, it's worth noting how hiked corporate investment would impact Bitcoin. Within the last half of last time, firms outside of the financial and utility sectors in the S&P Global held approximately $2 trillion in cash reserves. This is often presently over double Bitcoin’s present market cap, and intrinsically, there's many money available to flow into Bitcoin. The technology sector alone could have a min of $640 Bln to take a position - though most businesses thus far have allocated only alittle percentage towards Bitcoin. Investment firm ARK Invest suggested earlier this month that if “all S&P 500 businesses were to allocate 1% of their cash” to BTC, the digital asset’s price would increase by roughly $40k, driving the worth to solely shy of $90k. Should the company investments rise to 10% of money reserves, ARK claims Bitcoin will increase by $400k. The study represents a stark hike of awareness from Gartner's 2018 survey within which solely 66% of CIOs even knew about the blockchain technology.
