Source: Jesse MyersMyers 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 yetWhile Strategy has been accumulating Bitcoin since 2020, other treasury companies are starting to emerge.
Strategy will own $70T of Bitcoin by 2025, says MyersMyers 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.
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.
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Author / Journalist: Cointelegraph by Ciaran Lyons
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