Hey there, have you heard the scoop on Rumble Inc? That’s right, this video-sharing and cloud services provider is planning to set aside up to $20 million of its cash reserves for Bitcoin! It’s following in the footsteps of companies like MicroStrategy and Metaplanet Holdings, who’ve already jumped on the crypto train.
But why are they doing this? Rumble believes that Bitcoin is an awesome way to protect their money from inflation and maintain long-term value. Their CEO, Chris Pavlovski, even says that we’re just at the beginning of the Bitcoin revolution.
But wait, there’s more! Rumble wants to be the top choice for the crypto community. They’ve been gaining popularity among American conservative and right-wing users as part of the “alt-tech” movement.
So how does this fit into the bigger picture? Rumble’s Bitcoin investment adds to the growing trend of corporate adoption of digital assets, which is gaining interest as inflation concerns rise and crypto goes mainstream.
Pavlovski explains that unlike government-issued currencies, Bitcoin doesn’t get watered down by endless money-printing, making it a fantastic inflation hedge. Just like MicroStrategy, Rumble is also a big fan of Bitcoin since 2020.
And Metaplanet Holdings, founded by Skype co-creator Jaan Tallinn, is using Bitcoin in its financial strategy too, for diversification and as an inflation hedge.
Last but not least, Rumble will keep an eye on market conditions, Bitcoin’s price, and their liquidity needs before making any purchases. But don’t worry, they’re flexible and can change their strategy if needed.
So, there you have it! Rumble Inc is diving into the world of Bitcoin, and it’s an exciting development in the corporate crypto adoption game. Let’s see where this takes them!
<p>The post Rumble Inc Invests in Bitcoin, Joins Growing Corporate Crypto Trend first appeared on CoinBuzzFeed.</p>
