Bitcoin Accumulation Strategy: Great Opportunity but Also Significant Risks
The trend of more and more non-crypto public companies accumulating Bitcoin is on the rise, but experts warn that this strategy is not at all 'absolutely safe'.
Recently,
#SolarBank – a clean energy company in Canada – announced it will add Bitcoin to its balance sheet, following companies like Strategy (formerly MicroStrategy). However, according to analyst Geoffrey Kendrick from Standard Chartered, this strategy carries high risks if Bitcoin's price experiences a significant correction.
In a report sent to investors, Kendrick stated that 61 non-crypto companies are holding nearly 100,000
$BTC with an average purchase price higher than Strategy. If Bitcoin's price drops below 90,000 USD, about half of these could face substantial losses and be forced to liquidate.
As of now, Bitcoin is trading around 106,000 USD, after reaching a peak of over 112,000 USD last month. According to data from bitcointracker.net, there are currently 223 organizations holding a total of nearly 360 billion USD in Bitcoin, an increase of 7% over the past 30 days.
Although Kendrick still maintains the prediction that BTC will reach 500,000 USD by the end of President
#DonaldTrump 's term, he emphasizes that liquidity risks and the reversal of buying pressure from businesses could lead to significant market volatility.
For the crypto market, this serves as a reminder that opportunity comes with risk – especially as the financial strategies of large companies become increasingly tied to Bitcoin.
#anhbacong