Some billion-dollar companies are indeed investing in Bitcoin, driven by its potential as a store of value and hedge against inflation. Notable examples include:
- MicroStrategy: Has invested heavily in Bitcoin, with over 214,000 BTC in its treasury.
- Tesla: Purchased $1.5 billion worth of Bitcoin in 2021 and still holds around 10,000 BTC.
- Block (formerly Square): Has invested $220 million in Bitcoin and continues to accumulate more.
These companies are likely holding Bitcoin for the long term, given its scarcity and potential for long-term growth. The total supply of Bitcoin is capped at 21 million, which could contribute to its value appreciation over time.