“By 2030, a quarter of the S&P 500 companies will include the first cryptocurrency as a long -term asset. This was stated by the partner of the consulting firm Architect Partners Elliot Chun. In his view, the increase in interest in cryptocurrency is caused by pressure on financial directors who are afraid to “lose work”. Strategy is the largest corporate owner of bitcoins among 89 public companies whose balance is kept digital gold, according to Bitcointreasuries. […]”, – WRITE: Businessua.com.ua
By 2030, a quarter of the S&P 500 companies will include the first cryptocurrency as a long -term asset. This was stated by a consulting company partner Architect Partners Elliot Chun.
In his view, the increase in interest in cryptocurrency is caused by pressure on financial directors who are afraid to “lose work”.
Strategy is the largest corporate owner of bitcoins among 89 public companies whose balance is kept digital gold, according to Bitcointreasuries.
At the time of writing, the company owns 506 137 BTC. The total investment is estimated at $ 33.7 billion.
It is worth noting the Gamestop plans, which recently released convertible bonds of $ 1.3 billion to buy the first batch of bitcoins.
Tesla and Block are the only S&P 500 companies that have the first cryptocurrency. This means that by 2030, another 123 firms have to invest in an asset so that Chun’s forecast is correct.
The expert stressed that market leaders should not rely on the likelihood of repeating the success of Strategy. According to him, such a strategy remains “untested” for most companies in terms of real protection against inflation or diversification.
Chun added that bitcoin as an asset management tool has a number of advantages over gold, including ease of storage, movement and liquidity.
We will remind, on March 26 in Glassnode reported that large owners purchased more than 129 000 BTC in two weeks.
The gun
Please wait …