One in four S&P 500 firms will hold Bitcoin by 2030: Crypto advisory

Treasury managers would feel pressured to try a Bitcoin strategy for fear of repercussions if they missed out on potential gains.

Around a quarter of firms listed on the S&P 500 would have invested in Bitcoin by 2030, with treasury managers fearing they could lose their jobs if they missed out on potential Bitcoin gains, a partner at a tech-focused financial advisory firm said.

“I anticipate that by 2030, a quarter of the S&P 500 will have BTC somewhere on their balance sheets as a long-term asset,” Elliot Chun, a partner at Architect Partners, said in a March 28 blog post.

Chun said this shift will be driven by treasury managers feeling compelled to at least experiment with Bitcoin (BTC).

Read more