Super rich, but not super dumb. Despite a disastrous 2022 for web 3, it looks like theenthusiasm investors has not lost its panache. Industrial tycoons, including some who have seen their fortunes threatened by a banking crisis made in the USAhave even turned to the blockchain and the cryptocurrencies to diversify their portfolios. A Coinbase study thus confirms that 50% companies from fortune 100 embarked on thecrypto adventure since at least 2020.
The big crypto maneuvers of the Fortune 100 behemoths
Who says industry giants don’t love Bitcoin and cryptocurrency? Certainly not Coinbase which, in a new report, reveals to us that 52% ranking companies fortune 100 – classification which sometimes has its limits in its relevance – already have a foothold in the world of blockchain and cryptocurrencies. Of this figure, 70% of these companies have already put their projects in the spotlight.
However, all is not so rosy in the world of the super rich. With l’regulatory uncertainty in the United States, the rules of the game are not clearly stated and some therefore remain cautious. Moreover, the leaders of the companies questioned are formal. Transparent rules are essential to preserve American leadership in the financial world, otherwise the United States risks seeing 1 million jobs of web developers 3 and 3 million other technical jobs escape to more lenient horizons on the regulatory plan, according to the report.
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When the Titans of Finance Break the Bank for Blockchain
The numbers might make some people dizzy. Indeed, since 2017, Fortune 100 companies have embarked on a private venture capital investment orgywith no less than 109 transactions recorded.
These investments totaled more than $8 billion. Names that keep coming up? Citi Ventures, Google Ventures, Microsoft Ventures and Goldman Sachswhich literally crush other Fortune 100 companies with their financial supremacy.
THE NFT are not, moreover, left unturned. Although they may not be at the heart of their plans, non-fungible tokens have managed to awaken their interest in the sector of retail. Companies thus diversify their investments and reap the juicy fruits. Transactions are multiplying, and companies in the fortune 100 have already pocketed a nice bonanza of $101.3 millionthanks to 99,347 transactions.
So, and whatever the detractors of Bitcoin say, it would seem that the large companies of this world continue their conquest of the blockchain and cryptocurrencies. This observation is true, despite the regulatory obstacles. From MicroStrategy (which has a hoard of 140,000 BTC) to positioning Wall Street giants on Bitcoin ETFsblockchain and Web 3 are attracting capital.
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