’10x Money Multiplier’ Could Boost Bitcoin Price by $42,000
Publicly traded companies are increasingly adopting Michael Saylor's strategy of purchasing bitcoin, boosting their stock prices and enriching shareholders. NYDIG Research analyzed this trend and estimated a potential price impact of nearly $42,000 per bitcoin using a 10x "money multiplier."
- The analysis involved companies like Strategy (MSTR), Metaplanet (3350), Twenty One (CEP), and Semler Scientific (SMLR).
- A 44% increase from the current spot price of $96,000 could occur if companies capitalize on their share issuance to buy more bitcoin.
- Publicly-traded companies currently hold 3.63% of bitcoin's total supply, with total holdings reaching 7.48% when including private and government assets.
- Potential demand rise may come if the U.S. government develops strategies for acquiring additional bitcoin for its strategic reserve.
