Imagine your favorite company getting sued for holding too much cash.
I know, that's a big statement. But hear me out.
Corporations, pension funds and insurance companies—anyone responsible to stakeholders—could one day face class action lawsuits if they don't diversify into other reserves assets. It's not beyond the realm of possibility, especially in today's litigious-happy world.
Michael Saylor famously bought bitcoin last year to diversify and protect the buying power of MicroStrategy's surplus cash…half a billion dollars' worth. Elon Musk recently did the same for Tesla, plowing $1.5 billion into bitcoin. Before either of these was Overtstock.com. Remember them?