US President Donald Trump’s recent return to office has sparked a surge in cryptocurrency investment among businesses. Several biotech firms have set up treasury reserves worth over $1 million to explore investing in bitcoin and other digital currencies.
However, not everyone is convinced of the crypto market’s potential. Skeptics argue that its volatile nature makes it a high-risk investment option.
As Trump continues to advocate for cryptocurrencies, companies are rethinking their traditional treasury assets. This shift could have significant implications for the global economy and financial markets.
The US presidential term has started, and investors are taking notice. With the Morning Bid U.S. newsletter, get an expert analysis of what’s in store for U.S. and global markets tomorrow.
Source: https://www.reuters.com/business/finance/trumps-crypto-advocacy-steers-businesses-away-traditional-treasury-assets-2024-12-04