The adoption of Michael Saylor’s approach of purchase for the balance sheet has clearly been removed from many companies that have been publicly exchanged, which will greatly enrich their stock prices and shareholders.
But what does it mean for the future of bitcoin price? Nydig research has fallen into numbers, and the results are noticeable.
“If we applied a 10x” money multiplier ” – a rule of thumb that reflects the historical impact of the new capital on the Bitcoin market cap – and divide the total Bitcoin supply, we have come to a rough estimate of the potential price effect: a nearly $ 42,000 increase in each bitcoin,” Nydig said in a research report.
To reach this conclusion, the analysts in Nydig review the approach (MSTR), Metaplanet (3350), twenty -one (CEP), and Semler Scientific’s (SMLR) combined -with equity appreciation because they adopted the Bitcoin purchase approach. It provided analysts of a plot of how much money they could theoretical to raise by releasing shares to current stock prices to buy more Bitcoin.
If this review is true, the expected price is about a 44% increase from the current price of the area of $ 96,000 per Bitcoin. If capital, money managers on Wall Street probably don’t mind showing this PNL chart to their clients, especially given the current volatility and uncertainty on the market.
“The implication is clear: this ‘dry powder’ in the form of release capacity can have a significant upward effect on bitcoin price,” Nydig Research said.
Bitcoin’s limited supply is also good for the body for diagnosis. Companies exchanged publicly hold 3.63% of the total Bitcoin supply, with a lion’s part of coins held by the approach. Adding a private company and handling the government, the total is at 7.48% according to Bitcointreasuries Data.
Demand can also grow in the near future if the US government Strategic Bitcoin Reserve.
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