US Firms Poised to Invest $10.3 Trillion in Bitcoin Over 18 Months, Says River

Over the next 18 months, approximately 10% of American companies are expected to convert 1.5% of their reserves (around $10.35 trillion) into the leading cryptocurrency, according to a report by River.

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— River (@River) September 4, 2024

Analysts anticipate that by 2026, US companies will be purchasing between 204 BTC and 519 BTC daily on average.

The forecast is based on the growing adoption of MicroStrategy’s corporate strategy. In June, the company’s founder, Michael Saylor, described bitcoin as “economic immortality,” which will allow corporations to “live forever”.

In the second quarter of 2024, MicroStrategy acquired digital gold worth $805 million, bringing its total holdings to 226,500 BTC. Saylor confirmed that he owns over $1 billion in bitcoin.

By the end of the first quarter of 2024, 13 of the 25 largest US hedge funds held products based on the leading cryptocurrency, according to River.