Hugh Johnson, PepsiCo behemoth, stated that they can’t think about buying bitcoin Because for them, it is still too volatile.
After the initiative of MicroStrategy CEO Michael Saylor, to invest in Bitcoin for the growth in the backup fund of the company, there are many firms which are thinking to invest some funds in the flagship crypto assets. But still there are many firms, which are not ready to get into crypto Investment because for them it is not too trusted to save the funds of the company to grow.
In a recent interview in CNBC’s Squawk Box anchors, the Chief financial officer of the PepsiCo Behemoth, Hugh Johnson indicated that in the incoming years they can’t think about the Bitcoin Investment.
Hugh said that, as per their past experience they will “never say never” imagine going with flagship crypto assets. And they would not like to reserve the back cash of the company in bitcoin -like assets. And also he thinks that even in the long term, bitcoin will not be available for them as a function of money.
Before this interview, many experts believed that PepsiCo will follow the footsteps of MicroStrategy. MicroStrategy like many companies are tech giants but still are active in crypto Because they know about the potential of blockchain technology.
Earlier this, we reported about MicroStrategy’ bitcoin holdings. Company owns total $5.1 billion worth of crypto assets. Many times, Michael Saylor, CEO of MicroStrategy suggested to other companies to get into Bitcoin Investment or integrate the services of their business operations in Bitcoin to bring this innovative technology to make the future better.