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@jrcornelWhere cryptocurrency and finance meet
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2016-07-26 19:12
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RE: If 10% of the cash on Corporate Balance Sheets moves to Bitcoin, the price would increase by more than $400k
Yea I think so as well. That is the neat thing about that model, it's just one specific 'group'. There are literally dozens of 'groups' that could bring tremendous buying power into bitcoin. Multiple paths
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RE: If 10% of the cash on Corporate Balance Sheets moves to Bitcoin, the price would increase by more than $400k
XRP isn't a bankster coin, it's not even really technically a cryptocurrency. It's a coin that some banks use. I wouldn't touch XRP with a ten foot pole personally. They are moving to bitcoin and not XRP.
RE: If 10% of the cash on Corporate Balance Sheets moves to Bitcoin, the price would increase by more than $400k
I mean honestly I don't see a good reason that a company that generates free cash flow and is sitting on a pile of cash doesn't put a couple percent in bitcoin, sure I am biased, but even looking at it