US Companies Buy Bitcoin Rp.8.8 Trillion, Is It Profitable?

JAKARTA, KOMPAS.com – Microstrategy Inc, a public company listed on the US stock exchange Nasdaq, bought bitcoin as much as 55,226 BTC or worth 600 million US dollars, equivalent to approximately Rp.8.8 trillion.

Microstrategy is the first publicly traded company to break the bank to buy cryptocurrency the. In fact, initially Microstrategy CEO Michael Saylor was skeptical of the presence of bitcoin.

The first purchase was announced on August 11 for 21,454 bitcoins for a total price of 250 million US dollars. Then, Microstrategy has purchased 16,796 bitcoins for a total of 175 million US dollars in just 17 hours.

Also read: Beating Bitcoin, the price of this crypto asset is up 330% in days

Responding to this, Oscar Darmawan, CEO of Indodax, a crypto asset trading platform, said that with the approaching global economic recession there is a trend of asset diversification, particularly in various public companies to secure finances. One way is buy bitcoin.

“ Bitcoin in Europe and other continents has become one of the favorite assets held in preparing for recession. Because bitcoin’s performance has tended to be stable and strengthened in the last 10 years, “Oscar said in his statement, Monday (21/9/2020).

Oscar stated, fund managers around the world began to view some assets transferred to cryptocurrencies is a strategic step.

“The interconnected economic system now makes any asset interconnected, except like gold and bitcoin, thus making bitcoin one of the most valuable assets to buy,” said Oscar.

Also read: Since March, Bitcoin Price Has Jumped 180 Percent

He also said that bitcoin also has easy liquidity.

“Bitcoin is even more liquid than physical gold. If at any time we need emergency money, it will be easier to buy and sell, “he said.

Previous, investorBig investors in the US and other parts of the world are already buying bitcoin. Not a few of these investors were initially skeptical of bitcoin.

According to Oscar, access to bitcoin is open to anyone. Whether it’s ordinary or advanced individual investors and even companies or corporations.

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