If you are sitting on $100's of billions of dollars and are a mature business with not a ton of avenues for massive growth, why would you not turn to bitcoin?
We are not talking about a big jump here, we are simply talking about putting 5% of your cash reserves into bitcoin as a hedge.
They are not going to spend this $200 billion anytime soon so they need to do something with it.
Why would you not put some in bitcoin as a hedge?
This result makes no sense to me:
(Source: https://x.com/WalkerAmerica/status/1866910362353783038/photo/1)
I mean maybe they are going to buy short term treasuries instead?
But sitting in cash doesn't make much sense to me.