The post Bitcoin Rich List: Who’s Stacking, Who’s Slacking? appeared first on Coinpedia Fintech News
In recent months, many major companies around the world have started buying large amounts of Bitcoin. It seems like every few days, there’s news about another business joining the growing list of Bitcoin investors.
One of the first big names in this space was MicroStrategy, led by its CEO, Michael Saylor. Years ago, the company began buying Bitcoin, and since then, its stock price has jumped by an incredible 3,000%. Saylor has said he believes other companies will have no choice but to follow, especially as Bitcoin prices keep rising.
Why Are More Companies Buying Bitcoin?
As explained by an analyst, it’s simple: when a few companies start buying Bitcoin and their stock prices rise, other businesses take notice. Soon, more companies feel pressured to join in, which pushes Bitcoin’s price even higher. As the price rises, it becomes more expensive for new buyers to
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