Photographer: Yuriko Nakao/Bloomberg

Wall Street finance executives who were thinking of plunging some of their company’s cash reserves into Bitcoin got a heat check this week.

Chief financial officers, not generally known as a risk-loving bunch, watched Bitcoin sink more than 25% in a 24-hour period starting Sunday. Burning a hole of that size in the corporate rainy day fund would amount to a career-ending wipeout at virtually any S&P 500 firm.

(Excerpt) Read more Here | 2021-01-16 07:00:00
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.