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$10.3 Billion Down the Crypto Drain: US Companies Set to Make Idiotic Investment of the Century!

BitcoinCrypto NewsInstitutional Investors 1 Sam Rogers September 9, 2024

A depiction of a sinking ship with dollar bills and coins spilling out, while in the background a giant bitcoin coin rises from the depths, surrounded by flames and smoke.

The eternal optimist’s guide to throwing money down a rathole: US companies forecast to buy $10.3B in Bitcoin over next 18 months — Report. Because what could possibly go wrong with investing trillions of dollars into an asset that has no inherent value and is primarily used by criminals? It’s not like we’ve seen this movie before, where gullible idiots throw their money at a get-rich-quick scheme only to end up poorer than they started out. But hey, who needs wisdom or prudence when you can join the ranks of the crypto bros and shout ‘HODL!’ from the rooftops? And kudos to River for coming up with this brilliant idea – after all, if it worked for MicroStrategy (which is basically a one-man show run by Michael Saylor), why wouldn’t it work for everyone else?.

Source: cointelegraph

US companies forecast to buy $10.3B in Bitcoin over next 18 months — Report
https://cointelegraph.com/news/us-companies-will-buy-10-3-b-in-bitcoin-over-next-18-months-btc-analyst
A new report from River—a Bitcoin technology and financial services firm—forecasted that some companies in the United States will increase their exposure to Bitcoin (BTC) over the next 18 months. According to the report, an estimated 10% of US-based companies will likely convert 1.5% of their treasury reserves, or approximately $10.35 billion, to Bitcoin over the next year and a half. Projections of corporate Bitcoin holdings by 2026. Source: River […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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