Bitcoin Is A $100 Trillion Idea That Belongs In Every Portfolio, Corporate Balance Sheet And Retirement Account, Analyst Says

Benzinga · 10/17 13:38

Metaplanet’s Director of Bitcoin strategy Dylan LeClair sees Bitcoin (CRYPTO: BTC) as a significant addition to all portfolio types, lauding MicroStrategy Inc. (NASDAQ:MSTR) CEO Michael Saylor for his strategy to use it as a hedge.

What Happened: In a Fox Business interview on Wednesday, LeClair emphasized Bitcoin's role as a transformative asset in corporate finance. He described Bitcoin as more than a speculative asset, suggesting it has the potential to grow into a $100 trillion technology, which he believes should be included in portfolios, retirement accounts, pensions and corporate balance sheets.

LeClair pointed out that even Wall Street is beginning to recognize Bitcoin's value, especially as traditional currencies like the dollar, euro and yen weaken.

He cited the success of MicroStrategy as a prime example of Bitcoin's potential. Since adopting Bitcoin in August 2020, the company has grown from a $1 billion firm to a $36 billion market cap entity, outpacing all S&P 500 stocks.

LeClair appreciated Saylor for using Bitcoin's volatility to his advantage, transforming MicroStrategy's approach to corporate finance. What began as a defensive hedge during the COVID-19 crisis has evolved into an aggressive growth strategy.

Benzinga Future of Digital Assets conference

Also Read: Billionaire Larry Fink Believes Infrastructure Will Lift The Global Economy

Why It Matters: LeClair's insights echo growing sentiment across financial sectors, as reflected in recent comments by BlackRock Inc. CEO Larry Fink, who noted Bitcoin's bright future regardless of political outcomes.

The broader acceptance of Bitcoin by major institutions, like MicroStrategy's plan to become the leading Bitcoin bank, further highlights the asset's growing influence in reshaping corporate finance. The company’s successful Bitcoin strategy provides a blueprint for other corporations to follow.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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