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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
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Viewpoint: There is no need to worry about the future of Bitcoin after Trump's departure.
According to Mars Finance, Eric Semler, the chairman of the U.S. listed company Semler Scientific Inc. that adopts a Bitcoin strategy, stated that many hedge funds are skeptical about the future of Bitcoin after U.S. President Donald Trump's departure, but he believes this is an unrealistic notion. Eric Semler added, "When you bet on something that most people don't believe in, and you're right, you can make a lot more money. I think we have a great opportunity to show people that they (hedge funds) basically missed a good opportunity; my best investments have been in areas where I felt like I was fighting alone in the wilderness." According to a survey conducted by PwC, 47% of hedge fund managers trading in traditional markets have been exposed to Crypto Assets, indicating that hedge funds are indeed turning to Bitcoin. (Cointelegraph)