According to Blockdata, 32 out of 100 large public companies have a positive attitude towards bitcoin and other cryptocurrencies, and only 7 organizations show distrust of them.
Blockdata Explorers
did not take into account digital currencies of the Central Bank or other regulated virtual currencies. The study was based on bitcoin. Analysts found that 32 out of 100 companies surveyed are ready to implement cryptoassets or are already using them.
Specifically, these companies already accept Bitcoin as payment, offer cryptocurrency-related products or services, or have invested in digital assets. As is typical for these organizations, they were previously skeptical of the cryptocurrency industry. But, due to the growing interest of clients in this area, over the past two years, the leaders of the companies surveyed have begun to change their minds about cryptocurrencies for the better.
61 companies that took part in the study took a neutral position in relation to cryptocurrencies. This is due to the lack of public statements from the management of these companies about digital assets. In addition, many of the firms surveyed reported that cryptocurrencies have no impact on their operations. Under favorable circumstances, these organizations could use digital assets to conduct transactions with partners and customers, as well as invest in them long-term to offset possible losses from the fall of the US dollar.
The other seven companies have declared distrust of bitcoin, so they impose restrictions on customers if they work with cryptocurrencies. For example, Berkshire Hathaway owner Warren Buffett and his vice president Charlie Munger have long been regarded as some of the harshest critics of cryptocurrencies.
Consulting company Accenture has named blockchain immutability as one of the main drawbacks of cryptocurrencies and believes that information on the blockchain should be editable. The Agricultural Bank of China has also been categorized as opposing cryptoassets – in August it confirmed that it would not service cryptocurrency transactions and threatened traders to close their accounts.
Intuit, a financial software developer, has also joined the ranks of “negativists”. Back in 2019, he introduced restrictions for users who accepted cryptocurrencies to pay for services. Investment broker Charles Schwab has also been ranked in this category by analysts at Blockdata, despite the firm announcing plans to add support for cryptocurrencies this year. The fact is that Charles Schwab warns users about the risks and possible disadvantages of cryptoassets. Based on this, the researchers concluded that the firm does not believe in the potential of cryptocurrencies.
The situation is similar with the investment bank Goldman Sachs, which is expanding its involvement in the cryptocurrency industry. Bank analysts believe that investing in digital assets cannot be called “viable” investments for portfolio diversification.
According to another recent study by Blockdata, 81 out of 100 public companies are already using blockchain or are actively exploring its possibilities.
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