Quarter of S&P 500 Companies Expected to Add Bitcoin to Their Balances by 2030, Expert Predicts

By 2030, a quarter of the companies on the S&P 500 will incorporate the first cryptocurrency into their balance sheets as a long-term asset, according to Elliot Chun, a partner at consulting firm Architect Partners.

He believes that the increasing interest in cryptocurrency is driven by pressure on CFOs who fear they might «lose their jobs.»

Strategy is the largest corporate holder of Bitcoin among 89 public companies that have digital gold on their balance sheets, according to data from BitcoinTreasuries.

As of the time of writing, the firm holds 506,137 BTC, valuing their investments at approximately $33.7 billion.

Additionally, it’s noteworthy that GameStop recently issued $1.3 billion in convertible bonds to purchase its first batch of Bitcoins.

Tesla and Block are the only two companies in the S&P 500 that own the first cryptocurrency. This means that by 2030, an additional 123 firms need to invest in this asset for Chun’s prediction to come true.

The expert emphasized that market leaders should not rely on the possibility of replicating Strategy’s success. He stated that such a strategy remains «untested» for most companies regarding genuine inflation protection or diversification.

Chun added that Bitcoin offers several advantages over gold as an asset management tool, including ease of storage, transfer, and liquidity.

It’s worth noting that on March 26, Glassnode reported that large holders purchased over 129,000 BTC in just two weeks.