Rush to bitcoin? Not so fast, say keepers of corporate coffers

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Cryptocurrency supporters, however, say the rationale for companies to buy bitcoin is clear, not least the decline of the dollar – the dominant reserve currency – which has fallen about 4.5% against a basket of major currencies in the past year. March 8 (Reuters) – The Nasdaq was set to slump at the open on Monday as the passage of a $1.9 trillion COVID-19 relief package by the U.S. Senate lifted bond yields, pressuring richly valued technology stocks and sparking inflation concerns.

Proponents of the cryptocurrency see it as a hedge against inflation at a time of unprecedented government stimulus, a falling dollar and record-low interest rates that make attractive high-yielding assets hard to find. One can claim their first bet for free by typing the ten digit code on the offer, which is received through email on the betting slip. This can be done by clicking on the ‘Validate’ option and then clicking on ‘Place bet’.

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