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Abra CEO: Medium-sized companies and non-profit organizations are turning their assets into Bitcoin

Abra CEO: Medium-sized companies and non-profit organizations are turning their assets into Bitcoin

Odaily2024/07/13 17:25
By:Odaily
Odaily News Abra CEO Bill Barhydt revealed that medium-sized companies and non-profit organizations are increasingly inclined to convert their assets into Bitcoin. This trend follows the successful strategy adopted by MicroStrategy (MSTR), whose stock has appreciated due to its large Bitcoin holdings. Barhydt predicts that many medium-sized companies and non-profit organizations with large US dollar reserves will convert them into BTC. In addition, he expects the stocks of these companies to replicate the rise in MicroStrategys stock price after acquiring Bitcoin. (CoinGape)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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