So, like, Bitcoin is apparently gonna see a whole lot more money coming its way from corporate treasuries by 2029. According to some brokerage firm called Bernstein, they’re saying that these companies are gonna pump in a whopping $330 billion into Bitcoin. That’s a crazy amount of money, right? And get this, Strategy, led by some dude named Michael Saylor, is expected to throw in an extra $124 billion of Bitcoin into the mix. Like, who even has that much money to invest, am I right?
It seems like the U.S. is all about that pro-crypto life, which is apparently making companies go gaga over Bitcoin. Bernstein’s analysts are all like, “Yeah, the U.S. is super cool with crypto, so companies are just gonna keep buying up Bitcoin like it’s nobody’s business.” They think other companies are gonna jump on the bandwagon too, with around $205 billion being allocated to Bitcoin strategies. It’s like a corporate Bitcoin frenzy out there!
According to the report, public companies already own about 2.4% of all the Bitcoin out there, which is like 720,000 BTC. That’s a whole lot of digital currency just sitting on their balance sheets. But Strategy is on a whole other level, apparently. They’re like the Bitcoin buying kings, and not every other company can replicate their success. It’s like trying to copy someone’s homework but failing miserably. Poor other companies, they just can’t keep up with Strategy.
Last week, Strategy decided to throw an extra $180.3 million into buying more Bitcoin. I mean, who even has that kind of money lying around, right? They now have a total of 555,450 BTC in their stack. That’s just mind-blowing. I can’t even wrap my head around that much money in digital currency. But hey, good for them, I guess. Maybe one day I’ll have that much money to throw around too. Probably not, but a girl can dream, right?
And there you have it, folks. Bitcoin is about to see a whole lot more corporate money flowing into its digital coffers. Whether it’s Strategy or other companies jumping on the bandwagon, it looks like Bitcoin is here to stay. Who knows how much more money will be poured into this digital gold mine by 2029. But hey, the more the merrier, right? Bitcoin party, anyone?
