- Myers explained that in the past two years, an outflow from fiat assets has started, and people are shifting to assets like Bitcoin and Gold.
- As per Myers’ prediction, Treasury Cos will be the main bidders for Bitcoin in the upcoming decades.
A hedge fund manager, Jesse Myers, has put his opinion that Bitcoin holders are misreading the vital number of Bitcoins that corporations will purchase by 2045.
On May 23, he posted on X that Bitcoin Treasury Companies will hold around half of all the Bitcoins, way beyond what most Bitcoiners are prepared for currently. He also predicted that only Strategy will accumulate $70 trillion worth of Bitcoin by the given time frame.
With its accumulation, the company will become the most valuable firm in the history of the world. At the press time, Strategy holds nearly 576,320 Bitcoin, estimated at $62.24 billion, as per the data from Saylor Tracker.
Myers further added that there is around $1,000 trillion of asset value over the globe, and Bitcoin shows only 0.2% of that total amount. He highlighted that, as 50% of all capital over the globe is mainly looking for the best store of value, more capital will osmotically flow into BTC by the passing of time.
The Primary Bidders for Bitcoin
He explained that in the past two years, an outflow from fiat assets has started. People are shifting to assets like Bitcoin and Gold. Also, there is nearly $318 trillion of capital in bonds seeking greener pastures.
He revealed that most of this capital is linked with fixed-income institutional vehicles with strict companies, and this is where BTC Treasury Companies steps in. As per Myers’ prediction, Treasury Cos will be the main bidders for Bitcoin in the upcoming decades.
Talking about Strategy, it has started purchasing Bitcoin since 2020, and even in the current scenario, many other companies are beginning to emerge. In April, Twenty One Capital formed to become the primary vehicle for investors looking for capital-efficient BTC exposure.
On the other hand, Metaplanet publicized at the beginning of May that it would introduce a United States-based subsidiary. As per the data from Bitbo, publicly traded companies, private companies, ETFs, and nation-states jointly hold 3.23 million Bitcoins, estimated at $348.25 billion.
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