“Bitcoin is now a major asset class with more than $1 trillion of market value,” said company Chairman Eric Semler. “We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of bitcoin.”
Related posts
-
Bitcoin Price Repeating December 2023’s Playbook: Is The ‘Actual Breakout’ Yet To Come?
Bitcoin (BTC) tries the $100,000 support zone after falling to $98,000 during the recent market shakeout.... -
All Eyes on Trump: Bitcoin Crash Could Pave the Way for a Historic Rebound in 2025
Bitcoin (BTC) recently hit an all-time high of $108,364, only to tumble to $92,118 within three... -
Tokyo-Based Metaplanet Secures $60.6 Million for Bitcoin Treasury
Japanese investment firm Metaplanet Inc. has raised $60.6 million (9.5 billion yen) through two bond issuances...