PANews reported on December 27 that according to The Block, according to the forecast of analysts at market maker Wintermute, the trend of companies incorporating Bitcoin into their balance sheets may continue until 2025. Wintermute OTC trader Jake Ostrovskis pointed out in an interview that as companies follow institutional investors and their listed companies into the market next year, this will become an important driving force, and small and medium-sized enterprises may also join in. Ostrovskis mentioned that Bitcoin mining companies Mara and Riot are following in the footsteps of MicroStrategy to purchase more Bitcoin by issuing convertible notes.
These moves are aimed at boosting the company's stock price by strengthening its balance sheet, the "MicroStrategy strategy." Ostrovskis pointed out that although ETFs have received much attention, the real driving force is the cash investment from pension funds and sovereign wealth funds. There is also more flexible and faster-flowing funds in companies, and there is no need to wait for pension funds to buy Bitcoin ETFs. At the same time, traditional hedge funds waiting for ETFs to enter the cryptocurrency market are also acting quickly because they see market opportunities. Ostrovskis said that now people are no longer just "natives" in the cryptocurrency market, but are applying traditional stock trading strategies to cryptocurrencies, and this shift has been reflected in the flow of funds.
Ostrovskis also predicted that some companies will follow MicroStrategy's lead, but will invest in Ethereum. He believes that it may only be a matter of time before someone turns themselves into an Ethereum investment vehicle and becomes the "MicroStrategy" of the Ethereum world.
