The largest global corporations, including Apple, Google, Amazon, Microsoft, and a dozen others, have a substantial $811 billion in cash on their balance sheets. Despite this, there is not a single Bitcoin among their assets.
This raises questions among cryptocurrency supporters: why hold money that is losing purchasing power when Bitcoin continues to show growing appeal as a means of saving?
Why cash is losing value
With each passing year, the purchasing power of the dollar declines due to inflation. For example, 1 dollar today is worth significantly less than it was ten years ago. At the same time, Bitcoin, often referred to as 'digital gold,' attracts attention as a means of capital preservation, free from inflationary pressures.
The way forward?
Corporations like Tesla and MicroStrategy have already invested significant amounts in Bitcoin. This has allowed them not only to diversify their assets but also to benefit from the rising price of the cryptocurrency.
Maybe Apple, Google, and Amazon should take a cue? Even small investments in Bitcoin could serve as a powerful signal to the market and provide protection against future economic shocks.
Is the future with Bitcoin?
While these giants remain on the sidelines, the cryptocurrency market continues to evolve. Perhaps it is time for them to reconsider their strategies and at least partially diversify their enormous cash reserves in favor of Bitcoin.
"Holding $811 billion in depreciating cash is like watching snow melt in the sun," claim crypto enthusiasts.
Follow @Sasha why NOT
