A closely followed crypto analyst is predicting that the number of corporations adopting a Bitcoin (BTC) treasury strategy will double in 2025.
In a new video update, the host of InvestAnswers tells his 553,000 YouTube subscribers that a doubling of Bitcoin treasuries could send the flagship crypto asset to an astronomical new all-time high.
[adinserter block="1"]“The beauty of Bitcoin is it’s hard and it’s driven by supply and demand. What happens if the supply dries up? What happens if the long-term holders are done selling? What happens if the miners, all their bags are being bought up? And what happens if more big players enter the market? This is what could drive the price absolutely bonkers…
We have seen tons of treasuries come in. We now have the new FASB (Financial Accounting Standards Board) rules, which make it even easier for more treasuries to come in. And the number of treasuries are going to double in 2025. That’s part of my 2025 prediction as well. That means where is all this Bitcoin going to come from? The only thing that can happen is the price will go up. That’s it.”
According to Bitcoin Magazine Pro, there are currently 33 publicly traded companies with Bitcoin treasuries, the largest one being MicroStrategy, which holds 444,262 BTC.
Bitcoin is trading for $96,754 at time of writing, up 2.4% in the last 24 hours.
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