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The Defiant 2025-01-14 21:35:51

Bitwise CIO Says MicroStrategy’s BTC Holding is an Overlooked Megatrend

Bitwise Chief Investment Officer (CIO) Matt Hougan said MicroStrategy’s Bitcoin Strategy is an overlooked megatrend and predicted that hundreds of companies will adopt Bitcoin as a reserve asset over the next year and a half, boosting the Bitcoin market, according to a Jan. 13 blog post . “I’ve spent the past few months digging into the idea of companies buying and holding Bitcoin as a treasury asset, and I’ve come away thinking that this is a much bigger trend than most people realize. In fact, I think it’s a bona fide megatrend,” Hougan wrote. Hougan claims MicroStrategy’s Bitcoin strategy isn’t getting enough attention, as most investors think the company is a one-off. However, he believes corporate Bitcoin investments will proliferate into a megatrend for three reasons. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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