Bank Shares, Risk of contagion... when the Bet on the Bitcoin Turns Against Companies

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When cryptocurrency was at the top, some companies began to accumulate it to diversify their cash flow, protect themselves from inflation or attract investors seduced by profit prospects, but its reversal has serious consequences.

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The collapse of the bitcoin at the end of the year hit with force the companies that had bet massively on this cryptocurrency, causing market falls, financial tensions and new doubts about the sustainability of this business model.Bitcoin City, the phantom metropolis: a $100,000 model as the only legacy of Nayib Bukele's promise to El SalvadorWhy accumulate bitcoins? The bitcoin was initially valued this year, reaching a record of more than $126…