Executives Predict Inevitable Surge in Corporate Bitcoin Adoption
Panelists at Bitwise’s Bitcoin Standard Corporations Investor Day predicted a significant increase in public companies holding bitcoin. Key points include:
- Currently, 79 public companies hold BTC.
- Kraken CFO expects 20% of approximately 55,000 public companies to hold BTC in the coming years, equating to about 11,000 companies.
- Strategy founder Michael Saylor emphasized the simplicity of acquiring BTC and his company's holdings of 538,200 BTC.
- Semler Scientific owns 3,303 BTC and plans further purchases, aided by rapid SEC approvals.
- Twenty One Capital, backed by Tether and Softbank, aims to launch with around 42,000 BTC.
- Discussion highlighted the potential for larger companies to adopt BTC following initial moves from major players.
- Experts noted the importance of long-term strategies for BTC holdings despite market volatility.
- Bitcoin is viewed as an alternative to traditional cash reserves, influencing future corporate treasury strategies.
Panelists agree that broader adoption could reshape market dynamics significantly.