• 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 Tightens Access to Crypto Through Regulated Exchanges

chest

Japanese authorities are enforcing stricter access to cryptocurrency platforms, limiting services to those that comply with domestic regulations.

user avatarRajesh Kumar

PEPE Token Shows Strong Performance Against Major Cryptocurrencies

chest

PEPE token showed strong performance with a 146% increase against USD, maintaining stability and key support levels.

user avatarJesper Sørensen

Vitalik Buterin Emphasizes Individual Sovereignty in Ethereum Development

chest

Vitalik Buterin emphasizes the importance of individual sovereignty in Ethereum development, urging developers to prioritize resilience over convenience.

user avatarLucas Weissmann

Institutional Interest in Ethereum Grows Amid Regulatory Clarity

chest

Institutional investors are increasingly building on Ethereum due to clearer regulatory frameworks in the U.S., leading to a surge in stablecoin transfer volume.

user avatarFilippo Romano

Technological Advances Transform Fan Engagement in Sports

chest

Technological advancements in streaming and AI are reshaping how fans engage with sports content.

user avatarEmily Carter

DGrid Unveils Innovative Proof of Quality Mechanism

chest

DGrid unveils its Proof of Quality mechanism to ensure AI result reliability in a decentralized network.

user avatarKaterina Papadopoulou

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.