Bitcoin: "Thousands of companies" about to cross the Rubicon
An avalanche of companies is about to make bitcoin their main treasury asset and propel bitcoin to new highs.
This trend is expected to accelerate according to Matt Hougan, director of Bitwise Asset Management, who anticipates a BTC at $200,000.
Currently, 131 publicly traded companies collectively hold 819,000 bitcoins, which is about 4% of the circulating BTC ($88 billion).
For him, bitcoin is seen as a superior option to protect the company's wealth from monetary devaluation. "Companies that have taken the bold initiative to add bitcoin to their balance sheet are being rewarded."
