One in four companies S&P 500 will take Bitcoin by 2030: Crypto Advisory

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About a quarter of the companies listed on the S&P 500 would invest in Bitcoin until 2030, with the treasury managers feared that they could lose their jobs, if they missed potential Bitcoin profits, said a partner at a technology -oriented financial advisory company.

I expect that by 2030 a quarter of the S&P 500 will have BTC somewhere on its balance sheets as long -term assets “, Elliot Chun, partner at Architect Partners, he said On the blog March 28.

Chun said that this change would be directed by treasury managers to feel forced to at least experiment with Bitcoin (BTC).

“If you tried and it worked, you are a genius. If you tried and it didn’t work, at least you tried. But if you didn’t try not to have a good reason, your work may be threatened.”

Strategy (MTST) is the largest corporate owner of Bitcoins of all 89 public companies that currently have bitcoins in their balances, According to For data from bitcointreasuries.net.

Another company could be added to the list after the offer of Gamestop convertible notes worth $ 1.3 billion on March 26, which the company intends to utilize to buy the first bitcoin batch.

Tesla and Block are the only companies on the S&P 500 list that have Bitcoin-Co means that at least another 123 S&P 500 would have to invest in Bitcoin by 2030 to predict the Chun forecast.

10 largest corporate Bitcoin owners. Source: Bitcointreasuries.net

Investors and technology directors expect Bitcoin to grow

Bitcoin may escalate to a range from $ 500,000 to 1,000,000, and even higher by 2030, according to people like Cathie Wood, Cathie Wood, Mike Novogratz, Brian Armstrong and director blocking Ark Invest.

Meanwhile, companies receiving Bitcoin treasury strategies have recorded a positive impact on their share prices. A strategy, whose shares increased by over 2000%from the first Bitcoin investment on August 20, 2020 – massively exceeding bitcoins (781.1%) and S&P 500 (64.8%) in this episode.

However, there is a substantial difference between companies that accept bitcoins in the scope of treasure diversification and risk management, and those that restructure their whole business models to become the leader of Bitcoin treasury in their industries, said Chun.

“Companies that implement this strategy in the hope of restoring the results of MTST are positioning for disappointment,” said Chun, who called the strategy “the only one in one.”

The MST initially provided the exposure of US assets at Bitcoin at a time when they could not directly accommodate Bitcoin. This changed when the Securities and Stock Exchange Commission approved a handful of applications for a stock exchange fund at the Bitcoin sales place on January 10, 2024.

Related: The Bitcoin-to-Gold indicator interrupts 12 years of support because the price of gold will reach a record 3,000 USD

Despite the increased acceptance, Bitcoin used as tax assets remains a “unverified strategy” for companies, hoping that this will protect itself against American dollar inflation and FIAT or diversifying its treasure for risk management purposes, said Chun.

To say, Bitcoin is still a more malleable tax resource than gold, according to Chun, which indicated the challenges related to storage and transfer of gold.

On the other hand, Bitcoin is a digital goods that is recognized as Gaap as a physical resource with an order and a liquid profile, he added.

At the beginning of this month, Crypto Asset Manager Bitise launched BitWise Bitcoin Standard Corporations ETF on March 11, which aims to follow companies with at least 1000 Bitcoins in their corporate treasures.

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