In summary, several struggling companies are investing in Bitcoin in the hope of improving their financial situation. This trend has been inspired by the success of MicroStrategy, which saw its fortune rise after focusing on Bitcoin in 2020. Companies like Semler Scientific, Metaplanet, and Genius Group have all jumped on the crypto bandwagon, resulting in significant profits and stock price increases.
This strategy is likely to attract more businesses, potentially helping Bitcoin reach the $100,000 mark. However, this will also depend on favorable global economic conditions, supportive regulations, and increased adoption.
Source
<p>The post Companies Bet on Bitcoin: How Investing in Crypto is Reviving Struggling Businesses first appeared on CoinBuzzFeed.</p>
