An analyst predicts that by 2030, a quarter of the S&P 500 will have Bitcoin on their balance sheets as a long-term asset. Elliot Chun, a partner at Architect Partners, made this forecast in a market snapshot.
This strategy of holding Bitcoin as a treasury reserve asset was first adopted by Strategy (formerly MicroStrategy) in August 2020. The company saw it as a hedge against inflation, a diversification tool, and a way to stand out in the market.
CEO Michael Saylor’s public support of Bitcoin turned the company into a de facto proxy for BTC exposure. Since then, MicroStrategy’s stock has surged over 2,000%, outperforming both the S&P 500 and Bitcoin itself.
Recently, GameStop announced plans to raise $1.3 billion to acquire Bitcoin through a convertible note. While the stock initially rose after the news, it has since fallen by nearly 15%.
Chun believes that treasurers may soon face career risk for ignoring Bitcoin, as doing nothing is no longer a viable strategy. According to data from BitcoinTreasuries, publicly listed companies currently hold 665,618 BTC, accounting for around 3.17% of the total Bitcoin supply. Strategy holds the largest share, with 506,137 BTC.
