Global economic instability, inflation, dollar depreciation and uncertainty have forced companies to look for alternative assets like Bitcoin as a future financial asset. In this context, Bitcoin has been considered an emerging asset or digital gold. Just as gold was seen as a safe haven during economic crises; currently, large companies are considering Bitcoin as a safe haven. Various public companies are storing Bitcoin on their balance sheets so that they can strengthen their future financial position. When the price of Bitcoin increases, the value of the companies increases. On the other hand, when costs increase, the price falls. Then it becomes very risky. Through Bitcoin, the company is said to be more future-focused. Because by investing in Bitcoin, the company believes in modern future technology or has innovative power. When Tesla bought Bitcoin, their social media coverage and band value increased many times. Bitcoin is no longer just a digital coin; it is considered by people as a sure-fire way to secure the future. Companies that are currently buying BTC -
1.MicroStrategy,
2.Tesla,
3.Block Inc. (formerly Square)
4.Coinbase,
5.Marathon Digital Holdings
6.Hut 8 Mining
It's a Domino's effect. When you see that Bitcoin has a limited supply of 21 million coins and it's price is going up from zero to one hundred thousand and then you see how many hundreds of thousands of Bitcoins does MicroStrategy owns and how much profit they are making from it, when you see that how other companies follow MicroStrategy's steps and fill their portfolio with Bitcoin, of course you don't want to be left without a reward and attention. That's why so many companies are investing in Bitcoin.
- Which companies do you think will buy the Bitcoin in the future?
I think that those who are into payments, will buy Bitcoin. Stripe, Amazon, Google and Apple, these companies will buy and hold Bitcoins to my mind. There are also speculations that Nvidia plans to hold a crypto portfolio too. But it's very hard to say who is next.