The co -founder and general director of Blockstream Adam Back said that speculators shift attention from altcoins to shares of public companies accumulating the first cryptocurrency on their balance sheets.
According to the British cryptographer, companies using the placement of shares and bonds to buy cryptocurrency are becoming more attractive, as they offer investors the most profitable risk hedging tool:
Unlike altcoins, the shares of such public companies have a strong foundation in the form of bitcoins – the minimum cost of shares is determined not by “invented indicators”, but by the volume of the first cryptocurrency on the balance sheet, the businessman explained his thought.
In his opinion, the strategy for the accumulation of a virtual coin, implemented by companies as Strategy or The Blockchain Group, will become more and more in demand among investment funds and organizations striving to protect their investments in the context of macroeconomic uncertainty.
Earlier, Adam Back said that the first cryptocurrency rate is unreasonably low and can reach $ 500,000 to $ 1 million in the current four -year cycle.
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Source: Cryptocurrency
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