Bitwise CIO Highlights 3 Key Trends Behind Corporate Bitcoin Adoption

Quick Summary:

Bitwise Chief Investment Officer Matt Hougan has outlined some of the factors that are behind the current rush of corporations into Bitcoin.

According to Hougan, MicroStrategy is not alone in treating Bitcoin as a reserve asset; this trend is set to expand rapidly.

The new rules now let firms recognize Bitcoin gains alongside losses; a significant concern for companies  hesitant to hold Bitcoin.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: Bitcoin adoption Bitcoin News 24/7 Cryptocurrency News Bitwise

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 20:18:13 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25162238

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 22 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #59

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