More Fortune 500 Companies Will Own Bitcoin By 2021
The Block's annual outlook survey forecasts that fortune 500 companies will own bitcoin by the end of 2021, according to the Block.
In September, the correlation between S&P 500 companies and bitcoin holdings was near an all-time high. The survey found that many individuals believe that S&P 500 companies will increase their bitcoin holdings next year.
The survey consisted of 106 respondents.
- 51.4 percent stated that between 5 and 9 fortune 500 companies will have bitcoin holdings by the end of 2021.
- Around 16 percent of respondents believe that more than 10 companies in the S&P 500 will have bitcoin holdings.
- 29.7 percent of respondents believe that only 1 to 4 S&P 500 companies will hold bitcoin.
- 2.7 percent of respondents beleive that one or no S&P 500 companies will hold bitcoin.
As of right now, 0 companies currently have bitcoin holdings.
2021 will be an interesting year for equity and cryptocurrency markets.