25% of Major Companies Might Hold Bitcoin by 2030. But Should You Buy It?

Bitcoin (CRYPTO: BTC) is increasingly an asset that major businesses are looking to buy and hold. That doesn't necessarily mean that average investors should copy their move -- after all, it doesn't make sense to buy most of the other assets that companies need to operate.Still, it's worth diving a bit deeper into this trend to see if it's worth following by buying more of the coin, or if it's a better idea to stick to your prior plans.According to Elliot Chun, a partner at Architect Partners, a cryptocurrency advisory group, by 2030, roughly 25% of the companies in the S&P 500 (SNPINDEX: ^GSPC) will hold Bitcoin as a long-term asset on their balance sheet. There are a handful of reasons he expects that to happen, starting with the idea that the coin can behave as a hedge against inflation in fiat currencies. It would also be a convenient way for corporate officers to diversify their treasuries, and thereby potentially reduce risk. And, if the coin continues to gain in value over time, it would prevent those officers from getting dinged for not giving their organization some exposure to the upside.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool