A crypto analyst predicts that the number of companies adopting Bitcoin $97,917 as a treasury strategy will double by 2025. This increase is expected to lead to a significant rise in Bitcoin’s value.
Companies Holding Bitcoin
In a recent market update, the host of InvestAnswers expressed that the doubling of companies holding Bitcoin could enable Bitcoin to reach new record levels. He emphasized the importance of supply and demand dynamics, suggesting that a decrease in supply combined with the entry of major players into the market could drive prices higher.
“If Bitcoin’s supply is tampered with and long-term investors do not sell, prices will soar.” – InvestAnswers
According to Bitcoin Magazine Pro, there are currently 33 publicly traded companies holding Bitcoin. The largest among them is MicroStrategy, which possesses 444,262 BTC.
Current Bitcoin Price
At the time of writing, Bitcoin is trading at $98,500, having recorded a 2.4% increase in the last 24 hours.
Thanks to new Financial Accounting Standards Board (FASB) rules, it has become easier for more companies to transition to a Bitcoin treasury strategy. This development supports the prediction that the number of companies holding Bitcoin will double by the end of 2025.
The increase in companies adopting the strategy of adding Bitcoin to their balance sheets may positively impact Bitcoin’s market value and liquidity.
In conclusion, the growth of companies holding Bitcoin is seen as a significant step towards the adoption of digital assets. These developments could strengthen Bitcoin’s value and market position, offering positive signals regarding its long-term potential for stakeholders.