Corporations buying Bitcoin has become a major phenomenon in the crypto industry over the past 12-18 months.
Michael Saylor with Microstrategy (MSTR) kicked off this trend by betting his entire company on Bitcoin and creating a corporate treasury strategy based around the "orange pill" ideals of Bitcoin.
As I mentioned in this clip from the last LeoFinance Podcast, when Microstrategy began buying BTC, the corporate strategy around Bitcoin was basically non-existent.
These days, websites like https://bitcointreasuries.net/ are tracking and showing the data of dozens of major corporations who have purchased Bitcoin on their balance sheet. Tesla is one of the major players in this arena and currently holds about $2B worth of BTC on their balance sheet.
Are corporations driving the idea of the Bitcoin Super Cycle where we won't see prolonged Bear markets?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
▶️ 3Speak
Yes they are doing this because them don't want to miss out on it which the market is coming more matured
Well I think these corporation are accumulating BTC just not to miss out from the trend. The market just appear to have gotten more mature overtime. I wouldn't attribute the super cycle idea to them.
Posted using LeoFinance Mobile
I doubt that they are driving the supercycle but they are likely a major force in this current cycle. Quite simply corporations haven't been at play in crypto for long enough to say confidently quite how important they are.
Btc is really making waves currently is a nice move, I love how companies are getting into crypto it will really help in the long run
As I mentioned in this clip from the last LeoFinance Podcast, when Microstrategy began buying BTC, the corporate strategy around Bitcoin was basically non-existent.
I see the idea of many company online trying to get involved in Cryptocurrency buying also mode of exchange
Crypto is the future of currency this period more companies is going to adopt cryptocurrency. Is only those that can see the vision of bitcoin are going to buy and hold btc. like Tesla which is owned by one of the smartest tech guys in the world, ELon is taking the leads already by holding btc worth $2B. That's massive and the return of investment (ROI) is certain in this case because cryptocurrency is the future.
Hive should be on some balance sheet, but I wouldn't put the super cycle entirely on the corporations back, I would attribute it to a more mature market of retail investors as well. I personally know people who are dollar cost averaging and don't plan to sell anytime soon. This idea of four years cycles is so due in my opinion.
Posted Using LeoFinance Beta
despite the dip in market 2022, Many Companies are looking forward to adopt it as payment "Bitcoin".
BTC has really paved the way for many cryptocurrencies out there and I'd like to say that more corporations, establishments will be created with the aid of crypto (BTC)
Posted Using LeoFinance Beta
The advantages Bitcoin have to offer is massive and no doubt corporations knows the advantages of their act in buying Bitcoin which is a definitely going to yield profit for future purposes and will never be a regret doing so
Posted Using LeoFinance Beta
Major corporation are buying btc to follow the trend. Also they may be fomo. They make so much money that having crypto won't harm the balance sheet. Therefore more investors can relate to the company, and buy into the stocks. It's a win win situation for both investors and company. As there demand is there !
Corporation sees it a good money making options and increasing their values. However i belive is that not the corporation but the people behind them are great manipulator. Just take an example of dogecoin. ...the price was not manipulated by the Tesla but the a simple tweet by Elon shake its prices up and down.
I assume most hedge funds would buy from greyscale instead of spot bitcoin considering the around 27% discount. Once there is price parity or a premium to buy on greyscale we can see these big cooperations and hedge funds buying more spot bitcoin. Mind you not ALL of these big players are using greyscale but a decent amount are.
Posted Using LeoFinance Beta
To respond to the title, yes! Institutional firms are massively looking at btc at the moment. Micro Strategy is really playing the game well I must say.
This year just stayed and we are just starting to see the adoption gradually.
To answer your question, Not sure the super cycle is their idea but it's quite great seeing them jumping massively on it. Their purchases in the past year has been a good one for the space has they're also helping greatly in propelling mass adoption