About a quarter of the companies listed in the S&P 500 would have invested in Bitcoin by 2030, the treasury officials fearing their jobs if they lacked potential Bitcoin gains, said a partner of a technology financial consulting company.
“”I foresee that in 2030, a quarter of the S&P 500 will have a BTC somewhere in their balance sheets as a long -term actor, “said Elliot Chun, partner at Architect Partners, in a blog of March 28.
Chun said that this change will be motivated by treasury managers feeling obliged to at least experiment with Bitcoin (BTC).
“If you have tried it and it worked, you are a genius. If you tried it and it did not work, you have at least tried. But if you have not tried not to have a good reason, your work can be in danger.”
The strategy (MSTR) is the largest business bitcoin holder of the 89 public negotiated companies that currently have bitcoin on their balance sheets, according to Bitcointareries.net data.
Another company could be added to the list after the offer of convertible tickets of $ 1.3 billion in Gamesop on March 26, which the company intends to use to buy its first bitcoin batch.
Tesla and Block are the only companies listed at the S&P 500 that hold Bitcoin – which means that at least 123 other S&P 500 companies should invest in Bitcoin by 2030 for Chun’s prediction to be correct.
The 10 best corporate bitcoin holders. Source: Bitcointheries.net
Technological investors and managers expect Bitcoin to continue to rise
Bitcoin could go up to the range of $ 500,000 to $ 1,000,000 or even more by 2030, according to the CEO of Ark Invest Cathie Wood, the CEO of Galaxy Digital Mike Novogratz, CEO of Coinbase Brian Armstrong and the CEO of Block Jack Dorsey.
Meanwhile, companies adopting Bitcoin cash strategies have experienced a positive impact on their share prices. Strategy, whose stock has jumped more than 2,000%since its first Bitcoin investment on August 20, 2020 – massively surpassing Bitcoin (781.1%) and S&P 500 (64.8%) on this section.
But there is a big difference between companies that adopt Bitcoin for the diversification of the Treasury and Risk Management and those who restructure their whole commercial models to become the leader of the Bitcoin Treasury within their industries, said Chun.
“Companies that implement this strategy in the hope of reproducing MSTR’s performance is positioned for disappointment,” said Chun, who called the “unique” strategy.
MSTR initially provided an exhibition to American asset managers in Bitcoin at a time when they could not hold Bitcoin directly. This changed when the Securities and Exchange Commission approved a handful of Bitcoin Bitcoin fund requests on January 10, 2024.
In relation: The Bitcoin / Gold ratio breaks the support of 12 years while the price of gold reaches a record of $ 3,000
Despite increased adoption, bitcoin used as an asset of the treasure remains an “unproven strategy” for companies hoping that it will hide against American dollar and Fiat inflation or diversify their treasury for risk management purposes, Chun said.
That said, Bitcoin is always an active treasure that is more flexible than gold, according to Chun, which highlighted the challenges in the storage and movement of gold bars.
On the other hand, Bitcoin is a digital goods which is recognized by GAAP as a tangible asset with a fungible and liquid profile, he added.
Earlier this month, Crypto Asset Manager launched Bitwise Bitwise Bitcoin Standard Corporations ETF on March 11, which seeks to follow companies with at least 1,000 bitcoin in their business treasury bills.
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