"Bitcoin to Become Investment Target for 25% of S&P500 Companies Within 5 Years"

Uk Jin

Summary

"Elliott Chun, a partner, predicted that 25% of S&P500 companies will hold Bitcoin as a long-term asset by 2030."
"It is evaluated that Strategy's Bitcoin accumulation strategy could have a positive impact on other companies in the same industry."
"It was stated that 90 companies currently hold Bitcoin, which corresponds to 3.17% of the total circulation."

There is an opinion that the number of companies accumulating Bitcoin (BTC), the leading cryptocurrency, may gradually increase.

According to CoinDesk, a cryptocurrency specialist media outlet, on the 30th (local time), Elliott Chun, a partner at Architect Partners, predicted that "25% of S&P500 companies will hold Bitcoin as a long-term asset by 2030."

He explained that Strategy's (formerly MicroStrategy) Bitcoin accumulation strategy could serve as a catalyst for other companies. Chun stated, "Since starting to accumulate Bitcoin, Strategy's stock price has risen by 2000%," adding, "This surpasses the growth rates of Bitcoin and the S&P500 during the same period." He further added, "Companies can no longer ignore Bitcoin."

According to Bitcoin Treasuries data, 90 companies currently hold Bitcoin. The Bitcoin they hold amounts to 665,618, accounting for 3.17% of the total circulation.

BTC