In recent months, many major companies around the world have begun to buy a large amount of Bitcoin. There are news about other businesses that participate in the list of Bitcoin investors every few days.
One of the first big names in this space was MicroStrategy led by the CEO, Michael Saylor. A few years ago, the company began to buy Bitcoin, and since then, stock prices have increased 3,000%. Saylor believes that other companies will have no choice, especially as Bitcoin prices continue to rise.
Why do more companies buy Bitcoin?
As explained by the analyst, it is simple. When some companies start buying Bitcoin and the stock price rises, it is attracting attention in other businesses. Soon, more companies feel the pressure to participate, and the price of Bitcoin is much higher. As the price rises, it is more expensive for new buyers to enter the market, so they will rush to buy before the price goes up.
Indonesia’s new player
A company called Digiasia in Indonesia has just announced plans to purchase $ 100 million worth of Bitcoin. It’s not as big as Microstrategy’s investment, but it’s still a huge amount. What’s even more surprising is that Digiasia plans to continue to buy Bitcoin using 50%of the future’s profit. This seriously shows how to make cryptocurrency a key part of a financial strategy.
The larger number of other companies
Another company called Metaplanet is also creating a headline. They want to build 10,000 Bitcoin’s bitcoin protection zones and 21,000 by the end of this year. Recently, they have already collected more than 6,700 bitcoins.
The biggest problem is that the price of Bitcoin is expected to rise from $ 370,000 to $ 500,000 by the end of this year, and these companies will still be willing to buy more at high prices? And what happens if Bitcoin reaches $ 2.4 million by 2029 or 2030?
What does this mean to a regular bitcoin holder?
Each time a company buys thousands of bitcoins, the number of coins that others can use can be reduced. Some experts said that even one day, even millions and billionaires could not buy the entire bitcoin because they occupied the market in the market.
In the world of encryption, there is an old idea that will account for the top 1%of the Bitcoin holder if you own 0.28 Bitcoin. At that time, people thought it was a small number. But 0.28 BTCs seemed to be much more valuable to catch a huge amount of bitcoin.
in short
More and more companies are buying Bitcoin in long -term investments. As this business continues to add to the Bitcoin reserves, it can induce price hikes and make it more difficult for others to buy. And when Bitcoin reaches the price level that some experts predict, it will make a small amount of bitcoin owned by general investors.