Blockchangers Blog

Share on facebook
Share on twitter
Share on linkedin
Share on email

Bitcoin Hits the Balance Sheet

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

Jordana Cohen,

Associate

Alpha Sigma Capital

Recent Posts

Alpha Sigma Capital