Saifedean Ammous, economist and author of The Bitcoin Standard, sees no compelling case for investing in any Bitcoin treasury company other than Michael Saylor’s Strategy. Strategy holds the world’s largest corporate Bitcoin treasury with 847,666 BTC acquired for $63.95 billion, along with a $5.02 billion cash reserve. According to Ammous, Strategy’s size and cash reserves allow it to borrow at lower rates than competitors and withstand significant Bitcoin drawdowns thanks to sufficient liquidity to cover its payments. The economist estimates Bitcoin’s next cycle may peak in 2029, with a price of roughly $200,000 in 2030 based on the Bitcoin power-law model.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
