Companies’ Cryptocurrency Treasury has seen a massive popularity increase in the past year. Bitcoin (BTC) and Ethereum (ETH) Treasury have played a significant role in the current market cycle. According to bitcointreasuriesThe 100 best BTC Stat debt companies have about 1,017,656 bitcoin, worth more than $ 118 billion. Michael Saylor’s strategy leads the race with 638 985 BTC.
Why the rush for Bitcoin (BTC) and Ethereum (ETH) Treasury?
Bitcoin (BTC) is the best performing asset in the past half a decade. The original crypto has exceeded large technical shares, gold and other goods. It has even exceeded the S&P 500 and Nasdaq’s return. BTC’s unmatched growth may have been a reason for the increase in the creation of BTC state funds.
Also read: Michael Saylor calls Bitcoin “Digital Capital”, Mstr Stock Rallies
There is another factor that can run businesses to hoard on Bitcoin (BTC) and Ethereum (ETH), which are the risks of the US dollar. The growing US debt has caused significant concern among investors and financial experts. Blackrock CEO Larry Fink emphasized that the US dollar may not remain the global spare currency forever. FINK said that digital currencies like Bitcoin (BTC) could take the mantle from the dollar in the future. The recent nail in BTC and ETH Treasury may be a response to the threat of a falling US dollar.
Risks of cryptotassures
Despite the growing popularity of Bitcoin (BTC) and Ethereum (ETH) Treasury, there are still risks that companies must navigate through. According to a report from K33A quarter of all public companies that have BTC trading with market values under the value of their holdings. The development may mean that the trend can cool off.
