• 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

8 months 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.

Other news

London Stock Exchange and Microsoft Unveil Digital Markets Infrastructure Blockchain Platform

chest

London Stock Exchange launches new Digital Markets Infrastructure platform in partnership with Microsoft to optimize private fund infrastructure.

user avatarGiorgi Kostiuk

David Bailey Comments on Nakamoto's 96% Stock Crash

chest

CEO Bailey addresses Nakamoto's 96% stock drop and calls for investor patience.

user avatarGiorgi Kostiuk

Boundless Mainnet Launch: A New Era in ZK Computing

chest

The launch of Boundless Mainnet has garnered attention for ZK computing, raising over $71 million and activating over 2,500 participants.

user avatarGiorgi Kostiuk

Native Markets' Win for USDH Ticker Sparks Interest in Hyperliquid

chest

Native Markets secured the USDH ticker on Hyperliquid following a competitive process, eliciting various community reactions.

user avatarGiorgi Kostiuk

Overview of the current state of $NEAR and user activity on Near Protocol

chest

The price of $NEAR is testing the resistance level of $3, while user activity on Near Protocol remains high.

user avatarGiorgi Kostiuk

New PAC Launches with $100 Million to Support Pro-Crypto Candidates in the US

chest

Fellowship PAC has launched an initiative to support pro-crypto candidates, bringing $100 million to its efforts.

user avatarGiorgi Kostiuk

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.