Turning Cash Reserves Into Bitcoin
It was quite the day when I woke up to find that a publicly traded company called MicroStrategy had turned $425 million dollars of cash reserves into bitcoin. To be honest, this came out of left field. I had a feeling this would happen someday, I just didn’t think it would be so soon. Just eleven years after the launch of Bitcoin, and companies are already buying it as a wealth preservation strategy. BUT WHY!?