• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Meta May Invest in Bitcoin Amid Rising Inflation

user avatar

by Giorgi Kostiuk

a year ago

Meta is suggested to allocate part of its $72 billion in liquid assets into Bitcoin as a hedge against dollar devaluation.

Why Meta Plans to Invest in Bitcoin

The proposal was presented amid rising inflation concerns. The recommendation is not unexpected, as Meta CEO Mark Zuckerberg has previously shown support for cryptocurrency technologies.

Zuckerberg has hinted at the potential of blockchain technology for financial innovation.None

Risks and Potential Benefits for Meta

For Meta, incorporating Bitcoin into its portfolio could align with its high-tech image. However, the cryptocurrency market is highly volatile, and such an investment requires thorough analysis.

What This Means for the Cryptocurrency World

If Meta proceeds with this investment, it would follow Tesla and MicroStrategy, who have successfully invested in Bitcoin, recognizing its long-term potential.

Meta's potential investment in Bitcoin could shift corporate attitudes towards cryptocurrencies, marking a significant step towards broad acceptance of digital assets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Japan's Digital Assets Integration Strategy Outlined

chest

Japan's Finance Minister Katayama Satsuki outlines a roadmap for integrating digital assets into the financial system, emphasizing the role of exchanges for stability and trust.

user avatarKaterina Papadopoulou

Japan's Embrace of Cryptocurrency ETFs as an Inflation Hedge

chest

Japan's Finance Minister Katayama Satsuki highlights the growing popularity of cryptocurrency ETFs as a hedge against inflation during her New Year's address.

user avatarMaya Lundqvist

TSMC Shares Surge After Goldman Sachs Raises Price Target

chest

TSMC's stock surged after Goldman Sachs raised its price target, reflecting strong investor interest in AI.

user avatarLi Weicheng

Japan's Finance Minister Pledges to Integrate Digital Assets into Traditional Finance

chest

Japanese Finance Minister Katayama Satsuki pledges to integrate digital assets into traditional finance, marking a significant shift for Japan's economy.

user avatarLeo van der Veen

eUSD's Unique Structure and Compliance with Regulations.

chest

eUSD is issued by a US-chartered bank, ensuring compliance with banking regulations and reducing reliance on third-party custodians.

user avatarAyman Ben Youssef

Bitcoin Surges Past $93,000 Amid Market Analysis

chest

Bitcoin has broken through the $93,000 level, validating a bullish market structure according to analysts.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.