Matt Hougan predicts a rise in Bitcoin adoption among businesses within 12 to 18 months, driven by the crypto stance of President-elect.
Matt Hougan, Chief Investment Officer of Bitwise, has provided an overview of some of the variables that are contributing to the recent surge of firms making investments in Bitcoin.
Matt Hougan asserts that MicroStrategy is not the only company treating Bitcoin as a reserve asset, and he expects this trend to see considerable expansion in the near future.
Within the next few months, the Chief Information Officer of Bitwise anticipates that hundreds of companies will decide to include Bitcoin as part of their business assets.
Matt Hougan Reveals Key Trends Driving Bitcoin Corporate Treasury Boom
Bitwise Chief Information Officer Matt Hougan recently cited MicroStrategy’s growing position in the Bitcoin market as a significant driver in the business adoption story. The company presently possesses 450,000 Bitcoins, which are worth more than 43 billion dollars.
This exceeds the total amount of Bitcoins mined in 2024. Additionally, MicroStrategy is interested in purchasing additional bitcoin for a total of $42 billion, which would be equivalent to the fresh supply for nearly three years.
Matt Hougan observed that MicroStrategy’s aggressive Bitcoin acquisition strategy has prompted other companies to consider Bitcoin as a strategic treasury asset. The implementation of this strategy has paved the way for additional businesses to follow suit.
In line with its “Bitcoin-first” strategy, Genius Group has given its approval to a rights offering of $33 million in order to increase its Bitcoin treasury to $86 million. This coincides with the growing use of Bitcoin. Amidst the jump in the price of bitcoin to $95,978, CEO Roger Hamilton intends to increase his share by 10.3 percent.
Additionally, in December of 2024, the Financial Accounting Standards Board (FASB) established new standards for reporting accounting information. According to the Chief Information Officer of Bitwise, these modifications are revolutionary for the use of Bitcoin in corporate settings.
The new regulations allow businesses to record both gains and losses in Bitcoin, posing a significant challenge for businesses that are hesitant to retain Bitcoin.
Under the old accounting system, Bitcoin was considered an intangible asset, which meant that businesses could only record price decreases without recognizing any gains and could only report price decreases. The new guidelines remove this limitation.
Trump Administration Policies Boost Bitcoin Adoption
This creates an atmosphere that is more conducive for businesses to incorporate Bitcoin into their financial operations. The Chief Information Officer of Bitwise predicts that the administration of President-elect Donald Trump will implement pro-crypto legislation, which will make Bitcoin adoption among enterprises more rapid.
As part of his commitment to make the United States a leader in the digital asset field, President Trump has committed to creating a regulatory climate that is friendly.
Even more so, the Chief Information Officer of Bitwise forecasts that during the next twelve to eighteen months, hundreds of businesses will add Bitcoin to their treasuries.
We anticipate a surge in demand for Bitcoin during this spike, further solidifying its role as an asset for corporate treasuries. Additionally, the cryptocurrency community has expressed excitement due to the impending administration of Donald Trump.
His pro-cryptostance, which includes ideas for a Bitcoin strategic reserve, has sparked initiatives like the expansion of TON Blockchain in the United States.
