Hello!
Some hours ago the Bitcoin evangelist Michael Saylor published a tweet with a photo of the "HODL Top 60", which means the top 60 publicly traded companies with Bitcoin on the Balance Sheet. Of course at the first position of this rank we have Microstrategy, the company of Michael Saylor. He has been a pioneer in issuing equity to buy Bitcoin and put it in the Balance Sheet of the company.
Here you have the list, some names will be familiar to you:
Other companies will join this list soon. The fact that Marathon Digital, the miner company has 34,000 Bitcoin on their balance sheet is very positive. They started buying last weeks and they will continue to do so.
Sometimes it just takes a small change to make one of the top companies in the world to buy Bitcoin, the it's game over. Game theory will play out and it will be a race to get Bitcoin as soon as possible.
People underestimate how rapidly price can jump when there is a supply shock. If there is not Bitcoin for everybody the price can be parabolic. I am quite sure we will see that at some point in history.
Will it be this cycle? Apparently not, but we are very close to see the United States of America buy Bitcoin for their reserve. Everything will change at that point, including the number of companies willing to buy.
I hope you have a great day!
Posted Using InLeo Alpha