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Bitcoin Daily: PepsiCo CFO Comes out Against Bitcoin; China Restricts Investments on Crypto Mining; Several Bitcoin ETFs up for SEC Review

October 11, 2021
Source: findaily.pro findaily.pro
News Snapshot:
Bitcoin has been enjoying high prices, although it isn’t in favor with Hugh Johnson, chief financial officer of PepsiCo, NewsBTC reported. Johnson said America’s corporate society would not be positively affected by digital currency and would not put it on their balance sheets, according to the report. While bitcoin’s price increase has some experts theorizing that more whale investors might come forth, Johnson said he thinks the opposite should happen. The high speculativeness of the most popular crypto is contrary to companies’ desires to handle their assets, the report stated. While bitcoin’s price spikes have provided advantages to the CEOs...
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