River Predicts 10% of US Companies Will Hold Bitcoin in 18 Months

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US-based Bitcoin technology and financial services firm, River, forecasts that 10% of US companies will allocate 1.5% of their treasury reserves, roughly $10.35 billion, to Bitcoin within the next 18 months.

This prediction comes as concerns rise about a potential US economic recession by July 2025.

River’s analysts argue that traditional corporate treasury strategies, reliant […]

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Author / Journalist: Ikemefula Aruogu

Category: Crypto

Markets: India

Topics: Bitcoin News News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 08:42:24 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 152 words

Reading Time: 1 minutes read

Sentences: 46 lines

Sentence Length: 4 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 22396714

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 7 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #124

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