REPORT: U.S. Companies Expect to Buy $10.3 Billion in Bitcoin in the Next 18 Months

A new report from Bitcoin technology firm River predicts that about 10 percent of U.S. companies will convert 1.5 percent of their cash reserves (about $10.35 billion) to Bitcoin over the next 18 months. The report notes that traditional corporate financial strategies rely on cash and short-term equivalents, but these often fail to outperform inflation, causing reserves to depreciate. Since 2020, companies that allocate 3 percent to Bitcoin are better able to protect against inflation. The report also mentions that Michael Saylor, founder of MicroStrategy, has grown his company's market capitalization by more than 1,000 percent through bitcoin financial strategies, far outpacing the 104.75 percent growth of Warren Buffett's Berkshire Hathaway over the same time period.Saylor views bitcoin as a corporate Saylor views Bitcoin as an “economically immortal” asset for his business, while Buffett refuses to add Bitcoin to his portfolio.