Business
With bitcoin breaking $US50,000, even sceptics must pay attention – The Australian Financial Review
Whether or not you believe the hype, crypto is clearly becoming more than a sideshow for companies and fund managers. And that has big implications.
Predictably, MicroStrategys stock now often moves in response to bitcoin prices, which is a little weird for a company previously known for cloud computing and business intelligence software.
The average CFO isnt interested in waking up to a plunge in an asset thats supposed to be part of the companys cash cushion.
Many corporate treasurers and chief financial officers are unlikely to follow Musks and Saylors lead. Bitcoin is prone to sudden plunges, often on the weekends when few are paying attention….
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