Bitcoin Rich List: Who’s Stacking, Who’s Slacking?
The post Bitcoin Rich List: Who’s Stacking, Who’s Slacking? appeared on BitcoinEthereumNews.com. In recent months, many major companies around the world have started buying large amounts of Bitcoin. It seems like every few days, there’s news about another business joining the growing list of Bitcoin investors. One of the first big names in this space was MicroStrategy, led by its CEO, Michael Saylor. Years ago, the company began buying Bitcoin, and since then, its stock price has jumped by an incredible 3,000%. Saylor has said he believes other companies will have no choice but to follow, especially as Bitcoin prices keep rising. Why Are More Companies Buying Bitcoin? As explained by an analyst, it’s simple: when a few companies start buying Bitcoin and their stock prices rise, other businesses take notice. Soon, more companies feel pressured to join in, which pushes Bitcoin’s price even higher. As the price rises, it becomes more expensive for new buyers to enter the market, which creates a rush to buy before prices climb further. New Player From Indonesia A company called DigiAsia from Indonesia has just announced its plans to buy $100 million worth of Bitcoin. While it’s not as big as MicroStrategy’s investments, it’s still a huge amount. What’s more surprising is that DigiAsia plans to use 50% of its future profits to keep buying Bitcoin. This shows they’re serious about making cryptocurrency a key part of their financial strategy. More Big Numbers from Other Companies Another company called MetaPlanet has also been making headlines. They want to build a Bitcoin reserve of 10,000 Bitcoins by the end of this year, and 21,000 by the end of next year. Recently, they revealed they’ve already collected over 6,700 Bitcoins — much faster than expected. The big question now is: with Bitcoin’s price expected to rise to around $370,000 to $500,000 by the end of this year,…
The post Bitcoin Rich List: Who’s Stacking, Who’s Slacking? appeared on BitcoinEthereumNews.com.
In recent months, many major companies around the world have started buying large amounts of Bitcoin. It seems like every few days, there’s news about another business joining the growing list of Bitcoin investors. One of the first big names in this space was MicroStrategy, led by its CEO, Michael Saylor. Years ago, the company began buying Bitcoin, and since then, its stock price has jumped by an incredible 3,000%. Saylor has said he believes other companies will have no choice but to follow, especially as Bitcoin prices keep rising. Why Are More Companies Buying Bitcoin? As explained by an analyst, it’s simple: when a few companies start buying Bitcoin and their stock prices rise, other businesses take notice. Soon, more companies feel pressured to join in, which pushes Bitcoin’s price even higher. As the price rises, it becomes more expensive for new buyers to enter the market, which creates a rush to buy before prices climb further. New Player From Indonesia A company called DigiAsia from Indonesia has just announced its plans to buy $100 million worth of Bitcoin. While it’s not as big as MicroStrategy’s investments, it’s still a huge amount. What’s more surprising is that DigiAsia plans to use 50% of its future profits to keep buying Bitcoin. This shows they’re serious about making cryptocurrency a key part of their financial strategy. More Big Numbers from Other Companies Another company called MetaPlanet has also been making headlines. They want to build a Bitcoin reserve of 10,000 Bitcoins by the end of this year, and 21,000 by the end of next year. Recently, they revealed they’ve already collected over 6,700 Bitcoins — much faster than expected. The big question now is: with Bitcoin’s price expected to rise to around $370,000 to $500,000 by the end of this year,…
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