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Cryptocurrency supporters, however, say the rationale for companies to buy bitcoin is clear, not least the decline of the dollar – the dominant reserve currency – which has fallen about 4.5% against a basket of major currencies in the past year. « When I did my treasury exams, the thing we were told as number one objective is to guarantee security and liquidity of the balance sheet, » said Graham Robinson, a partner in international tax and treasury at PwC and adviser to the UK’s Association for Corporate Treasurers.
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