An expert predicts a massive shift in Bitcoin ownership by 2045, with corporations potentially controlling a staggering 50% of all Bitcoin. Let’s break down this bold prediction.
A Corporate Bitcoin Strategy
Jesse Myers, a co-founder at Onramp, a company that helps institutions manage Bitcoin, tweeted a prediction that sparked a lot of discussion. He believes that by 2045, corporate entities will own $70 trillion worth of Bitcoin, making them the most valuable company ever. He further predicts that these companies will own a whopping 50% of all Bitcoin in circulation.
The MicroStrategy Model: A Case Study
Myers’ prediction is based partly on the strategy of MicroStrategy (now Strategy), a company that’s heavily invested in Bitcoin. MicroStrategy uses high-yield bonds to raise capital and then uses that capital to buy more Bitcoin. This strategy has already resulted in them owning a significant amount of Bitcoin. They’ve shown that this model can work and other companies are following suit.
Other Companies Following Suit
Other companies are adopting similar strategies. Metaplanet in Japan, for example, recently increased its Bitcoin holdings after a bond sale, and aims to own even more. 21 Capital, backed by major players like SoftBank, Tether, and Bitfinex, is also making significant moves in the Bitcoin market. This suggests a growing trend of corporations accumulating Bitcoin.
The Future of Bitcoin Ownership
Myers envisions a future where corporate treasuries become major Bitcoin buyers. He estimates that these companies currently own around 3% of all Bitcoin, but this could jump to 50% by 2045. This would leave roughly equal portions for governments, other corporations, and individual investors. If the price of Bitcoin reaches $13 million per coin (as some predict), that 50% corporate share would be worth a mind-boggling $140 trillion. MicroStrategy alone could own over $70 trillion worth.
The Bottom Line
This prediction is certainly ambitious, but it highlights a growing trend of corporations viewing Bitcoin as a valuable asset. Whether or not this prediction comes true remains to be seen, but it’s a fascinating look at the potential future of Bitcoin ownership.
