Corporate crypto treasuries have surged past $100 billion, raising concerns among analysts that the US may nationalize some of these holdings in a move reminiscent of the gold standard era. Bitcoin treasury firms now hold around 3.98% of the circulating supply, with roughly $95 billion worth of digital assets.
This growing corporate adoption may create a new centralized point of vulnerability for Bitcoin, potentially leading to nationalization similar to the gold standard period in 1971. According to crypto analyst Willy Woo, institutional adoption is crucial for Bitcoin to replace fiat currencies and become a new monetary standard. However, analysts Preston Pysh and Adam Back also see potential upside despite risks.
Woo notes that Bitcoin’s market opportunity could reach $100 trillion, with the asset already valued at over $2 trillion at 16 years old. Some experts, like Blockstream co-founder Adam Back, predict a much larger market value of up to $200 trillion in the long term. As hyperbitcoinization theory suggests, a decentralized and inflationary economy could eventually make Bitcoin the dominant global currency, replacing fiat money.
While concerns over nationalization persist, the growing corporate adoption of Bitcoin presents an intriguing opportunity for significant growth.
Source: https://cointelegraph.com/news/bitcoin-corporate-adoption-fort-knox-nationalization-concerns