by Rushali 
Around 5% of companies will invest bitcoins in 2021 and 11% of companies will do it by 2024 according to a small-scale study of financial executives.
The survey was conducted by Gartner, while Tesla has already invested 8% in bitcoins, MicroStrategy who has already invested in BTC has now announced a $600 million convertible bond offering Tuesday with the intent of using the proceeds to acquire additional Bitcoins.
There were 77 respondents including 50 CFO have shown different kind of views on adopting cryptocurrency as an investment. The technology sector was the most interested in bitcoins with 50% of respondents showing interest in investing in bitcoins.
The majority of respondents were concerned about the uncertainty and financial risk due to the price volatility of bitcoins and they want to wait for some time to see the market.
Around 70% of people want to know the regulators take on this and the same amount of people wants to know what other people are doing with bitcoins.
Gartner chief of research Alexander Bant said that we have to know that this is unknown territory and the financial regulators cannot just take a giant leap in the unknown territory.
Although this is a very small amount of data, we still have an idea that how increased corporate investment would impact Bitcoin. There are around approx $2 million reserves that can be invested in bitcoins.
And the experts say that if more companies will start investing in BTC then its price can reach up to $90000.
