Cathie Wood's ARK just bought 187M in Bitcoin!
Michael Saylor said Bitcoin will run to $180K in the next 12-18 months!
KULR Technology Group (KULR) recently announced the purchase of 217.18 Bitcoins for $21 million, averaging $96,556 per Bitcoin. This investment is part of KULR’s “Bitcoin Treasury” strategy, aiming to allocate up to 90% of its surplus cash into Bitcoin. CEO Michael Mo acknowledged the influence of industry leaders like MicroStrategy in shaping their approach to Bitcoin as a treasury asset.
Bitcoin has emerged as a formidable asset class, attracting both individual investors and major corporations seeking to secure generational wealth. Its decentralized nature, limited supply, and increasing adoption have positioned Bitcoin as a hedge against traditional financial uncertainties.
The strategic incorporation of Bitcoin into corporate treasuries by companies like MicroStrategy and KULR Technology highlights a growing recognition of its potential as a vehicle for generational wealth creation. As more entities adopt Bitcoin, its legitimacy and acceptance as a mainstream asset are likely to strengthen.
https://stoxpo.com/index.php/2024/12/27/bitcoin-a-pathway-to-generational-wealth/
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