BTCW:CC - Bitcoin Companies Now More Focused on Cash Flow Productivity CEO Says

2023-11-21 15:55:00 ET

As Bitcoin companies “mature," the focus has shifted toward more productivity and cash flow, which is contributing to the gradual uptick in the price of Bitcoin, according to Bitcoin Well (TSXV:BTCW,OTCQB:BCNWF) Founder and CEO Adam O’Brien.

“It’s no secret the price of Bitcoin has declined greatly over the last two years, but we’re seeing a bit of a comeback now, which is positive,” he said. “(We’re seeing) these companies, which traditionally had been VC-funded and in high-growth mode at all costs, shift to more of a productivity and more of a cash flow position. I think that’s been positive, ourselves included.”

This is good for the cryptocurrency sector, he added, as it provides a more stable footing for businesses to grow.

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