The adoption of Michael Saylor’s purchase strategy for the balance sheet has clearly taken off among many companies that quote on the stock market, substantially enriching their prices and shareholders.
But what does it mean for the future of Bitcoin’s price? Nydig’s investigation attacked the numbers, and the results are surprising.
“If we apply a” 10x “money multiplier, a general rule that reflects the historical impact of the new capital on Bitcoin market capitalization, and divide by Bitcoin’s total supply, we reach an approximate estimate of the potential impact on the price: an increase of almost $ 42,000 per bitcoin,” Nydig said in a research report.
To reach this conclusion, Nydig analysts reviewed the strategy (MSTR), Metaplanet (3350), Twenty One (CEP) and the cumulative capital assessment of Semler Scientific (SMLR) since they adopted the Bitcoins purchase strategy. This gave analysts a summary of how much money they could theoretically raise issuing actions at the prices of current shares to buy more bitcoin.
If this analysis becomes a reality, the projected price is almost an increase of 44% from the current spot price of $ 96,000 per Bitcoin. If it is capitalized, Wall Street managers may not mind showing this PNL graphic to their customers, especially given current volatility and uncertainty in the market.
“The involvement is clear: this ‘dry dust’ in the form of broadcasting capacity could have a significant upward effect on the price of Bitcoin,” said Nydig Research.
Bitcoin’s limited supply is also a good omen for analysis. Public -quoted companies already have 3.63% of Bitcoin’s total supply, with the participation of the lion of these currencies in the hands of the strategy. Adding the private company and government holdings, the total is 7.48% according to Bitcintrease data.
The demand could also grow even more in the near future if the United States government finds “neutral budget strategies to acquire additional bitcoin” for its strategic bitcoins reserve.
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