{"id":34172,"date":"2020-12-29T17:56:29","date_gmt":"2020-12-29T15:56:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34172"},"modified":"2025-08-28T17:25:11","modified_gmt":"2025-08-28T14:25:11","slug":"nextech-to-buy-2-million-worth-of-bitcoins","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nextech-to-buy-2-million-worth-of-bitcoins\/","title":{"rendered":"NexTech to buy $2 million worth of bitcoins"},"content":{"rendered":"<p>NexTech AR Solutions, listed on the Canadian Securities Exchange (CSE), <a href=\"https:\/\/seekingalpha.com\/pr\/18135107-nextech-to-buy-2million-in-bitcoin-treasury\" target=\"_blank\" rel=\"noopener noreferrer\">\u0430\u043d\u043e\u043d\u0441\u0438\u0440\u043e\u0432\u0430\u043b\u0430<\/a> the purchase of $2 million in Bitcoin as part of its strategy to diversify and allocate capital.<!--more--><\/p>\n<p>NexTech emphasised that cryptocurrency investments would continue in 2021. According to chief executive Evan Gappelberg, Bitcoin is an attractive asset with strong long-run growth potential.<\/p>\n<blockquote>\n<p>\u201cDollar deposits are currently yielding only 0.06%,\u201d commented NexTech\u2019s CEO.<\/p>\n<\/blockquote>\n<p>The head of NexTech is a proponent of the &#8216;Bitcoin \u2014 digital gold&#8217; thesis.<\/p>\n<blockquote>\n<p>\u201cWe think that in the course of the digital transformation there is a paradigm shift. Bitcoin is increasingly viewed as a store of value and it will catch up with gold,\u201d said Gappelberg.<\/p>\n<\/blockquote>\n<p>Total market capitalisation of gold stands at $10 trillion, while Bitcoin is around $500 billion. If the figures converge, one BTC would be worth about $500,000.<\/p>\n<p>As reported, on December 21 MicroStrategy also <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-invests-another-650-million-in-bitcoin\">purchased 29,646 BTC<\/a>, increasing its crypto assets to $1.6 billion.<\/p>\n<p>Analysts at Chainalysis previously calculated that 60% of all Bitcoin in existence is held as digital gold.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NexTech AR Solutions, listed on the Canadian Securities Exchange (CSE), announced a $2 million Bitcoin purchase as part of its diversification and capital-allocation strategy.<\/p>\n","protected":false},"author":1,"featured_media":34173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18],"class_list":["post-34172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34172"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34172\/revisions"}],"predecessor-version":[{"id":34174,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34172\/revisions\/34174"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34173"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}