Alpha Sigma Capital Research Report Highlights:
Wedbush sees as much as 5% of the S&P500 companies putting a percent of their balance sheet cash into Bitcoin.
ARK Invest estimates that if 1% of all cash held by S&P500 companies were allocated to BTC, the price of BTC would rise by $40K. If 10% of all cash held by S&P500 companies were allocated to BTC, the price of BTC would rise by $400,000.
At least 26 public and private companies, funds, educational institutions holding Bitcoin on their balance sheets:
- Tesla
- MicroStrategy
- Harvard
- Yale
- Etc.
Bitcoin: Currency of interest
- Ethereum coming in second place followed by other cryptocurrencies
Why Crypto?:
- Diversification tool for cash and short term investments
- Potential short term returns as compared to stocks and other assets
- Put forth a future-oriented appearance
Crypto Opportunities:
- The greater appeal, the greater accessibility and trade-ability
- Diversification benefits
- No bank influence
- Bridge currency between multiple fiat currencies: lowers the cost of transacting
- Inflation hedging
Crypto Risks:
- Opposition from banks
- Uncertain regulatory environment
- Concerns over scalability and security
- Price volatility
*To access the full research report please visit: https://docsend.com/view/fhmddikv87ds78jw