{"id":34890,"date":"2021-01-18T12:45:39","date_gmt":"2021-01-18T10:45:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34890"},"modified":"2025-08-28T22:42:20","modified_gmt":"2025-08-28T19:42:20","slug":"bloomberg-bitcoin-volatility-spooked-major-companies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bloomberg-bitcoin-volatility-spooked-major-companies\/","title":{"rendered":"Bloomberg: Bitcoin volatility spooked major companies"},"content":{"rendered":"<p>Many Wall Street financial managers have reconsidered investing in Bitcoin after its price fell more than 25% last week, according to Bloomberg.<!--more--><\/p>\n<blockquote>\n<p>\u201cSuch a gap in corporate reserve funds would spell the end for the future of any company in the S&#038;P 500, the publication&#8217;s experts emphasised.\u201d<\/p>\n<\/blockquote>\n<p>Robert Willens, a professor at Columbia Business School, said that Bitcoin reserves carry risks for financial managers that they are unlikely to undertake after last week&#8217;s decline in the price of the leading cryptocurrency.<\/p>\n<blockquote>\n<p>\u201cIf corporations started purchasing financial assets for speculation unrelated to their core business, it would be a troubling signal for investors,\u201d added JonesTrading&#8217;s chief market strategist Michael O&#8217;Rourke.<\/p>\n<\/blockquote>\n<div id=\"attachment_122306\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-122306\" class=\"size-full wp-image-122306\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/111-4.jpg\" alt=\"Bloomberg: Bitcoin volatility spooked major companies\" width=\"1200\" height=\"675\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/111-4.jpg 1200w, https:\/\/forklog.com\/wp-content\/uploads\/111-4-300x169.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/111-4-1024x576.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/111-4-768x432.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p id=\"caption-attachment-122306\" class=\"wp-caption-text\">Bitcoin price correction of 9.7%. Data: Bloomberg.<\/p>\n<\/div>\n<p>In 2020, institutional investors <a href=\"https:\/\/forklog.com\/en\/news\/institutions-bought-more-than-1-million-btc-worth-about-40-billion-at-current-prices\">acquired more than 1 million BTC<\/a> \u2014 5.57% of the cryptocurrency&#8217;s market supply. Among them were Grayscale Investments (about 600,000 BTC), MicroStrategy (70,470 BTC), Ruffer Investments (45,000 BTC) and Square (4,709 BTC).<\/p>\n<p>Earlier, Guggenheim Partners&#8217; investment director Scott Minerd predicted <a href=\"https:\/\/forklog.com\/en\/news\/guggenheim-partners-confirm-forecast-for-bitcoin-to-reach-400000\">a rise in Bitcoin to $400,000<\/a>, but expressed concerns about the market&#8217;s near-term prospects.<\/p>\n<p>Earlier Pantera Capital&#8217;s Dan Morehead confirmed his forecast <a href=\"https:\/\/forklog.com\/en\/news\/pantera-capital-ceo-bitcoin-to-reach-115000-in-eight-months\">for the price of the leading cryptocurrency at $115,000<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many Wall Street financial managers have reconsidered investing in Bitcoin after its price fell more than 25% last week, according to Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":34891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1569,1156,1145],"class_list":["post-34890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bloomberg","tag-institutional-investors-and-whales","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=34890"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34890\/revisions"}],"predecessor-version":[{"id":34892,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34890\/revisions\/34892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/34891"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=34890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=34890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=34890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}