🗞 "There will be no crypto winter" — David Bailey predicts market growth
The owner of BTC Inc and #Bitcoin Magazine David Bailey, one of the key figures in the Bitcoin community in the USA, believes that a repeat of the crypto winter is not to be expected in the coming years.
In his opinion, Bitcoin will eventually end up on the balance sheets of banks, insurance companies, corporations, pension funds, and other institutional players. At the same time, as Bailey notes, institutions have currently bought less than 0.01% of the total Bitcoin issuance.
According to data as of August 25, his founded DAT project #Nakamoto -KindlyMD has accumulated 5765 BTC (about $641 million). In total, 172 companies already hold 985 thousand BTC (approximately $110 billion) on their balance sheets.
Companies that have chosen a cryptocurrency accumulation strategy similar to that of Michael Saylor are referred to as Digital Asset Treasury (DAT). These structures form cryptocurrency reserves (Bitcoin, Ethereum, Solana, #BNB , etc.) by raising funds through the issuance of stocks or bonds.
