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Market
How will the market generally react to corporate Bitcoin adoptions by the end of 2024?
5
Resolution / Starting Odds
Increase in similar adoptions by other companies • 25%
Neutral - no significant change in adoptions • 25%
Decrease due to volatility concerns • 25%
Regulatory pushback leading to fewer adoptions • 25%
Market analysis reports
Story
Nasdaq-Traded Semler Scientific Adopts Bitcoin, Purchases 581 Bitcoins for $40 Million
May 28, 2024, 01:56 PM
Semler Scientific, a Nasdaq-traded healthcare technology company, has announced the adoption of Bitcoin as its primary treasury reserve asset. The company has purchased 581 Bitcoins for $40 million, inclusive of fees and expenses. This move is part of a broader trend of corporate adoption of Bitcoin, following in the footsteps of companies like MicroStrategy. Eric Semler, the chairman of Semler Scientific, stated that the Bitcoin treasury strategy underscores their belief in Bitcoin as a reliable store of value and a compelling investment. The company's stock is up 25% following the announcement and it is set to join the Russell 2000 index.
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Similar markets
Many companies adopt Bitcoin • 25%
Some companies adopt Bitcoin • 25%
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Significant Increase • 33%
No Change • 34%
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Positive market reaction • 33%
Neutral market reaction • 33%
Negative market reaction • 34%
0-5 companies follow • 25%
6-10 companies follow • 25%
11-15 companies follow • 25%
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Short-term volatility • 25%
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Positive impact on stock markets • 33%
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No significant impact • 34%
Retail investment increases • 33%
Institutional investment increases • 33%
Both remain balanced • 34%
Significant positive reaction • 33%
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Increase significantly • 25%
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Increase 10% or more • 33%
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Decrease or stay the same • 34%