Bitcoin treasury companies will hold ‘way more’ than Bitcoiners expect: Exec

by The Coincierge
Changelly


Moon Inc. head of Bitcoin strategy Jesse Myers says that Bitcoin holders are underestimating the significant amount of Bitcoin that corporations will accumulate by 2045.

“Bitcoin Treasury Companies will hold 50% of all BTC, way more than most Bitcoiners are prepared for,” Jesse Myers said in a May 23 X thread.

Strategy will own $70T of Bitcoin by 2025, says Myers

Myers further forecasted that Michael Saylor’s Strategy will own $70 trillion worth of Bitcoin (BTC) by 2045, “making it by far the most valuable company in the history of the world.” At the time of publication, Strategy holds 576,320 Bitcoin, worth approximately $62.24 billion, according to Saylor Tracker.

Source: Jesse Myers

Myers said, “To set the stage, there is $1,000T of asset value in the world.” He added that Bitcoin represents just 0.2% of that total amount. He explained that, since half of all capital in the world is essentially seeking the best store of value, more capital will “osmotically flow” into Bitcoin over time.

bybit

“Over the last 2 years, an exodus from fiat assets (bonds and money) has already begun. Hard money assets (Bitcoin and gold) are where things are shifting,” he said.

Cryptocurrencies, Bitcoin Price
Source: Jesse Myers

Myers said that there is around $318 trillion of capital in bonds “looking for greener pastures.” He said most of this capital is tied up in fixed-income institutional vehicles with “strict mandates.”

“That’s where Bitcoin Treasury Companies come in,” Myers said.

“Treasury Cos will be the primary bidders for BTC over the coming decades, deploying an ocean of SoV capital to BTC.”

Related: Bitcoin price hit a new all-time high, and data shows BTC bulls aren’t done yet

While Strategy has been accumulating Bitcoin since 2020, other treasury companies are starting to emerge.

On April 24, Twenty One Capital formed, which is a Bitcoin treasury company led by Strike founder Jack Mallers with the support of Tether, SoftBank and Cantor Fitzgerald. The firm is looking to become the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.”

According to Bitbo data, publicly traded and private companies, ETFs, and nation-states collectively hold 3.23 million BTC, valued at approximately $348.25 billion.

Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye



Source link

You may also like