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Cryptocurrency News Articles

Bitwise CEO Predicts 2025 Will Be the Year of Corporate Bitcoin Adoption

Dec 27, 2024 at 03:59 pm

Hunter Horsley, chief executive officer at Bitwise, has predicted that 2025 is going to be the year of corporate Bitcoin adoption.

Bitwise CEO Predicts 2025 Will Be the Year of Corporate Bitcoin Adoption

Bitwise CEO Hunter Horsley has predicted that 2025 will be the year of corporate Bitcoin adoption.

"It feels like 2025 will be big year for new corporates adopting the Bitcoin Standard," Horsley said in a social media post on Monday.

This comes after Bitwise recently filed for an ETF that tracks firms with Bitcoin treasuries. The ETF product will invest in companies that have at least 1,000 BTC on their balance sheets.

Its weightings would be based on the size of Bitcoin holdings instead of the market cap, according to Bitwise's regulatory filing.

The list of eligible companies will be identified based on their quarterly reports. The index will feature only these companies that have a market cap of at least $100 million and a minimum average daily liquidity of $1 million.

Bitcoin corporate adoption has been largely limited, with MicroStrategy (NASDAQ:MSTR) being the only major company that has consistently added BTC to its treasury. In total, only 22 companies have more than 1,000 BTC on their balance sheets.

E-car maker Tesla (NASDAQ:TSLA) was expected to kickstart a corporate adoption trend following its groundbreaking purchase in 2021, but this did not occur.

A proposal to have Microsoft (NASDAQ:MSFT) evaluate Bitcoin investment was rejected by a large majority (99%) of shareholders at the company's annual meeting.

Meanwhile, as reported by U.Today, only a small portion of chief financial officers view Bitcoin as a store of value.

Hence, it is likely that corporate Bitcoin adoption will face an uphill battle in 2025.

News source:u.today

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Other articles published on Dec 28, 2024