Bitcoin: “thousands of companies” about to cross the Rubicon

An avalanche of businesses is about to make bitcoin their principal treasury actors and to push Bitcoin to new highests.

Bitcoin strategy

There is no longer a day without a new business to make its main treasury active bitcoin. This trend should accelerate according to Matt Hougan, director at Bitwise Asset Management, who anticipates a BTC at $ 200,000.

Mr. Hougan said on CNBC that the race has just started and that thousands of companies will soon adopt Bitcoin for their cash. Today, 131 companies listed on the stock market collectively hold 819,000 bitcoins, or almost 4 % of BTC in circulation ($ 88 billion).

These companies are mostly North American, but not only. China, Japan, Singapore, Germany, Korea, Brazil and England are not to be outdone. And even in France, with only one representative, however: Blockchain Group.

Private companies are 35 in number, holding nearly 300,000 Bitcoins. Note for example Block, Tether, Space X, etc.

Matt Hougan attributes this “Megatenance” The growing concerns concerning the value of the dollar which is threatened by growing deficits and geopolitical clashes.

For him, Bitcoin is perceived as a higher option to protect the richness of the monetary devaluation company. “The companies having taken the daring initiative to add Bitcoin to their assessment are rewarded”.

Pioneers have already benefited from the rise in Bitcoin which increased from less than $ 40,000 in January 2024 to $ 70,000 in June 2024. And now more than $ 107,000.

For example, the 8,027 bitcoins bought by block between 2020 and 2024 are now worth $ 864 million, an increase of 300 %. Conversely, the dollar has vnatiously appreciated by 2 %.

Companies no longer have the choice

There will be no more than 21 million bitcoins and 19.87 million are already in circulation, as shown in real time this Specialized dashboard. A striking contrast with the unlimited expansion of national currencies.

Ultimately, everything follows from the difficulty in growing the economy (because of the constraint on energy). Without growth, the system is cornered to make more debts to honor political promises (for example, pensions). The result is inflation.

Thus, without drastic increase in productivity, wages and pensions cannot follow. Debt/GDP ratios deteriorate, forcing central banks back to buy the debt to neutralize the exponential effect of interest.

On this subject, do not miss our article: The interests of the French debt explode.

Admittedly, AI offers prospects to boost productivity. But transport is (and will remain) the limiting factor in economic growth. However, 95 % of transport works with oil, the supply of which becomes more and more uncertain, as the Shift Project report on petroleum peak and shale oil.

Here is to convince you a very interesting thread of five short videos on the question (for English speakers):

States are aware of the consequences of this physical pitfall for the value of money. The giant fund Fidelity recalls in this study that the IMF publishes articles claiming that central banks have no choice but to print money to artificially reduce the weight of national debts.

But companies are not states. Participating in the Ponzi of public debt is not an obligation. Bitcoin offers a simple, solid and liquid alternative for the first time. It has never been easier for a business to place its cash in Bitcoin thanks to ETF.

This treasurer revolution in full boom suggests that the $ 200,000 for a bitcoin cannot be long.