In the distant future, historians may well look back at August 11, 2020 as the day Bitcoin began.
True, Bitcoin had already been around for over a decade at that point. But in late summer of 2020, Michael Saylor, CEO of MicroStrategy (at the time, a business intelligence company) announced that the company would invest $250M into buying Bitcoin.
The move was a surprise, but whether he intended to or not, Saylor premiered an entirely new use case for the world’s leading cryptocurrency.
Before Saylor, Bitcoin was a store of value. After Saylor, it became a valid form of long-term investment.And Bitcoin would never be the same again.
So where did it all go right for Bitcoin, and what does it mean for ordinary investors? What happens when Bitcoin becomes money, gold, and growth – all in one?
We discuss that below.
MicroStrategy’s initial Bitcoin buy happened again. And again. And again. Each time, the idea of buying Bitcoin as a reserve asset became a little less strange and a little more appealing (to an increasing number of asset managers).
And eventually, the idea began to spread, with other entities from governments (El Salvador, USA) to major tech companies (Tesla) following suit.
Today, over 235 public/private companies and institutions hold Bitcoin in reserve.MicroStrategy still leads the pack with 592K BTC worth over $62B, but other major holders include Tesla, Coinbase, Galaxy Digital, and even national governments like the United States, China, and the UK.
In many ways, these entities treat Bitcoin the same way traditional treasurers once treated gold or U.S. bonds. But Bitcoin strategies have moved beyond just piling up Bitcoin in digital vaults; they’re calculated bets on Bitcoin’s multi-role future.
Here’s what that means.
Bitcoin strategies have evolved beyond mere hoarding.
An increasingly large part of the total Bitcoin supply goes towards ETFs and funds.
Those funds provide indirect investor exposure to Bitcoin, without needing to directly engage in the crypto economy. No wallets, no seed phrases, just a typical account with any online broker, and any investor can profit from Bitcoin’s rise.
It’s also important to note that Bitcoin treasuries aren’t just for publicly traded companies like Saylor’s Strategy ($MSTR). Governments hold hundreds of thousands of Bitcoin between them. Sometimes those coins are held informally, seized from enforcement actions and confiscations.
Other times, as is the case with the United States, they form part of formal national Bitcoin reserves.In fact, governments are one of the largest Bitcoin holders when looking at the entire sector. Only ETFs and public companies hold more.
Treasuries have moved from the fringe to the mainstream, and Bitcoin isn’t the player in the game anymore. Solana treasuries are also gaining steam. DeFi Development Corp ($DFDV) has amassed over 620K $SOL and watched its own stock price soar over 4,000% percent.
Solana treasuries rely on yield generation and DeFi to leverage treasuries for long-term gain. It’s a more native integration than is currently possible with Bitcoin treasuries.
With both $SOL and $BTC, the treasury approach is shaping a crypto future where Bitcoin, and other cryptos, are money, gold, and investments, all in one.And BTC Bull Token, the first-ever Bitcoin meme coin, will help shape that future.
All of the above – Bitcoin treasuries, investments, increased demand, all of it – paints a very bullish future for Bitcoin
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What is BTC Bull Token? It’s a token that makes the most bullish case for Bitcoin possible.
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Do you want Bitcoin to be money? Countries like El Salvador already accept Bitcoin as legal tender, and global payment infrastructure is following suit.
Do you want to HODL Bitcoin as the ultimate store of value? With 230% AAR, Bitcoin crushes the S&P 500’s 10% AAR.
Do you want to amass an inflation-proof Bitcoin treasury? So does everyone else:
Be ready for a world where Bitcoin fills multiple roles, and prepare for the Bitcoin mainstream with BTC Bull.
Do your own research; this isn’t financial advice.