Michael Saylor, CEO of Strategy, has made predictions about the future of Bitcoin as a core asset for corporate treasuries.
Michael Saylor's Recommendations on Bitcoin
Michael Saylor reiterated his belief in Bitcoin becoming a primary asset for corporate treasuries. He noted that institutional interest in Bitcoin is rising, with 160 companies currently holding BTC, a significant increase from six months ago. He remains committed to promoting Bitcoin's adoption among corporations.
Bitcoin Market and Its Dominance
As of now, Bitcoin is valued at $118,328.44, with a market cap exceeding $2.36 trillion. Its market dominance stands at 59.58%, with nearly 19.9 million BTC in circulation out of a capped 21 million. In the past 24 hours, Bitcoin experienced a price change of 1.03%, with a 7-day increase of 4.10%.
Regulatory Outlook for Bitcoin
According to Coincu research, Bitcoin's ascent reflects a transformative period in corporate finance, where regulatory and technological implications are becoming apparent. Continued investments in Bitcoin are expected to spur advancements in financial technology and foster regulatory frameworks accommodating digital assets.
With the growing number of corporate Bitcoin holders and its increasing importance in financial strategy, this digital medium of exchange is becoming a key component in future business financial models.
