Alex LeishmanCEO of River Financial, a specialized investment company in digital assets, said it believes that Bitcoin crosses the consolidation phase. Therefore, he affirms that the digital asset entered a period called ‘Here To Stay’. This is because more and more companies are evaluating the incorporation of BTC as a reserve asset in its treasury.
“Companies are not opening accounts in Charles Schwab to buy Apple or Tesla shares. Historically they have cash or active active. And now, they are buying BTC. That, for me, is the greatest indication that BTC is ceasing to be seen as an investment of technological risk and is beginning to be considered a different asset, a reserve of value, “said Alex Leishman, CEO of River Financial.
The most emblematic case of this trend is Micro Strategy, the firm that leads Michael Saylor, known for its strong BTC investment strategy. At the moment, It is the public contribution company with more BTC in its treasury, with 555,540 BTC.
In this regard, Blackrock, the world’s largest asset manager, points out that BTC has unique characteristics that “They can turn it into coverage against risks that traditional assets cannot address, particularly in times of greater geopolitical and economic uncertainty.”
Bitcoin: Grows in the treasury of companies
For this reason, he describes it as “a unique diversifying asset.” This is because BTC, having a supply limited to 21 million units, differs from the Fíat money that is devalued by the issuance and monetary policies of the central banks.
Bitcoin is considered by many investors such as “digital gold”, because it shares some similarities with precious metal. It is a decentralized asset, does not depend on any government or central bank, and is resistant to censorship, which means that no one can block, reverse or prevent transactions in their network.
For Leishman in 5 years it will be “normal” and so stated: “BTC goes to traditional savings. Today, people who save in Bitcoin are seen as a bit eccentric. Maybe this has already begun to normalize a little in the last year or two, but in a few years, saving in Bitcoin will simply be normal. People will not even think about it too much. It will be what is done. A large percentage of the monthly, or biweekly salary, will automatically allocate BTC. “
“Companies are accumulating at an unprecedented rate. Today we serve more than 2,000 companies, and that number grew 154% only in the last year. And they are real, small and medium -sized companies, from all over the United States: Construction companies, real estate, biotechnology companies, plumbing, farms, restaurants, everything you can imagine. A very diverse sample. All these business owners and operators are reaching the same conclusion: they want Bitcoin, “he closed.
Source: Ambito
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