Matt Khugan, investment director (IT director) in BitWise, released a bold forecast: hundreds of companies will buy bitcoins as a treasury asset over the next 12-18 months. A shift that Hogan describes as “I overlooked megatrend“It has a potential for a significant impact on Bitcoin’s market trajectory.
Microstrategy: Torchbarer to accept corporate bitcoin
Microstrategy, led by Michael Saylor, became a synonym for the corporate implementation of Bitcoins. Despite the fact that as a result of market capitalization, the company takes only 220th place, the company’s influence on the Bitcoins market is disproportionate. In 2024 alone, Microstrategy acquired 257,000 BTC, which survived the total number of bitcoins mined this year (218 829 BTC).
The company’s ambitions do not show any signs of slowdown. Recently, he announced plans to raise $ 42 billion for additional purchases of bitcoins, which is equivalent to the annual production of bitcoins for 2.6 years at current rates.
Outside the microstructure: growing movement
Microstrategy actions are only the tip of the iceberg. According to Hawgan, 70 state -owned companies are already holding bitcoin on their balance sheets. This list includes not only cryptomomal firms such as Coinbase and Marathon Digital, but also the main giants, such as Tesla, Block and Mercado Libre. Together, these companies – operating microstructure – lives 141 302 BTC.
Private companies are also important players. SpaceX, Block.one and others together hold at least 368 043 BTC based on Bitcointreasuries.com data. Houugan emphasizes that the share of Microstrategy in the corporate bitcoins market is already less than 50% and will probably decrease as adoption grows.
What happens when larger companies, such as META, are currently considering the proposal of a shareholder to add bitcoin to his balance – 20X than the size of the microprosthetia that begins to imitate Microstrategy strategies?
Why is the corporate adoption of bitcoins ready to accelerate
The two main barriers historically limited the corporate adoption of bitcoins: reputation risk and adverse accounting rules. Both have changed dramatically in recent months:
1 Reducing the risk of reputation
Until recently, companies faced significant obstacles in the adoption of bitcoins. CEOs and councils were concerned about the lawsuers of shareholders, regulating control and negative lighting in the media. However, since bitcoins are recognized at the institutional and state levels, these fears are scattered. According to Hogan, Bitcoin saw a growing bicameral support in Washington, which makes it more and more “ordinary and even popular”.
2 Favorable changes in accounting
The Council for Standards of Financial Accounting (FASB) presented the new ASU 2023-08 leadership, which fundamentally changes, as Bitcoin is taken into account. Earlier, the companies were supposed to mark Bitcoin as an intangible asset, forcing them to record its value during a decrease in prices, but preventing an increase in adjustment with prices rising.
In accordance with the new rule, Bitcoin can now be marked in the market, which allows companies to recognize profit as its price. This change eliminates a significant restraining environment and, as expected, will contribute to exponential growth in corporate bitcoins.
“Why”, standing behind the corporate implementation of bitcoins
Corporate motives for holding bitcoin mirror of individual investors. HOUGAN describes several reasons:
- Headfield against inflation: Bitcoin is considered as protection against humiliation of currency.
- Speculation: Some companies seek to increase promotions due to the exposure of bitcoins.
- Cultural alarm: Conducting the alignment of bitcoins with innovation and attracts a younger, technical savvy client base.
- Strategic guessesFor many, Bitcoin’s possession is a calculated gambling game.
Khugan claims that corporate adoption motives have less demand. “You just need to look at the numbers,” he writes. “Where does all this demand look like? And what will this mean for the market? “
Megatrend that could reduce the markets
In memory, Hogan draws a bull picture of the future bitcoin. If hundreds of companies follow the leadership of Microstrategy, the total demand can increase the price of bitcoin next year. With 70 companies already on board in less favorable conditions, this stage is installed for the explosion in adoption.
This trend not only emphasizes the developing role of Bitcoin as a treasury asset, but also emphasizes its growing recognition as the main financial instrument. For mature investors, the consequences are clear: the next 18 months can marked the key period on the way Bitcoin from the speculative asset to the institutional cornerstone.
Time to buy now
Thanks to reputation risks, the developing rules of accounting and acceleration require that the integration of Bitcoin into corporate treasury seems inevitable. Hawgan’s analysis invites investors to consider wider consequences:
If corporations really cover bitcoins on a scale, what can this mean for the future market? For experienced investors, an answer may lie in acting earlier than later.
Refusal of liability: this article is intended only for information purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
