The adoption of Michael Saylor’s purchasing strategy for the balance sheet has clearly taken off among many listed companies, considerably enriching their courses and shareholders.
But what does that mean for the future of the price of bitcoin? NYDIG research has criticized the figures and results are striking.
“If we apply a” 10x “money multiplier” – a basic rule reflecting the historic impact of the capital of new capital on Bitcoin market capitalization – and divide by the total Bitcoin offer, we come to an approximate estimate of the potential price impact: an increase of almost $ 42,000 per bitcoin “, said Nydig in a research report.
To achieve this conclusion, NYDIG analysts have examined the strategy (MSTR), the Metaplanet (3350), the twenty-one (CEP) and the assessment of the cumulative equity of semler Scientific (SMLR) since they adopted the Bitcoin purchasing strategy. This gave analysts an overview of the amount of money they could manage theoretically by issuing actions during current actions to buy more bitcoin.
If this analysis is carried out, the expected price represents almost an increase of 44% compared to the current price price of $ 96,000 per Bitcoin. If they were capitalized, Wall Street’s money managers may not be the idea of showing this PNL graph to their customers, in particular given the current volatility and uncertainty on the market.
“The involvement is clear: this” dry powder “in the form of emission capacity could have a significant increase in the price of bitcoin,” said Nydig Research.
Bitcoin’s limited supply is also increasing well for the analysis. The listed companies already hold 3.63% of the total Bitcoin offer, the lion’s share of these parts held by the strategy. Adding private companies and the government, the total is 7.48% according to Bitcointheries data.
Demand could also increase in the near future if the US government finds “neutral budgetary strategies to acquire additional bitcoin” for its Bitcoin strategic reserve.
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