Still think Bitcoin is a scam?
While many retail investors continue to wonder if Bitcoin is a scam or not, some very rich and powerful companies have betted VERY big on the highly popular cryptocurrency and people should take notice.
According to Yahoo News, MicroStrategy (MSTR) is an analytics platform company that is currently the leader when it comes to companies owning Bitcoin.
MicroStrategy currently holds 108,992 bitcoins that were purchased at an average of $26,769 per coin.
Currently sits second on the leaderboard when it comes to companies that hodl bitcoin and has 42,902 bitcoins as of March.
Galaxy Digital Holdings (BRPHF)
This company focuses on investing in digital currency and is reported to have around $761 million worth of bitcoin.
Voyager Digital (VYGVF)
Voyager Digital is a crypto trading app similar to Coinbase and currently holds 12,260 Bitcoins which is valued around $590 million.
Square is own by the same person who owns Twitter, Jack Dorsey, the company currently owns 8,027 bitcoin which is valued at around $386 million.
So, while there is still some debate about Bitcoin’s legitimacy in the future, it is clear that many major companies have already bet the farm on it.
Currently only 13% of Americans have bought or traded cryptocurrency in the past year meaning it is still early to get in on. Will you? Share your thoughts in the comments below…
* Additional Disclaimer: All content provided by this newsletter is for informational and educational purposes only and is not meant to represent trade, investment, or healthcare recommendations.