What To Know:
- Corporate adoption of Bitcoin is accelerating, with nearly 200 public companies and major institutions like BlackRock and MicroStrategy now holding substantial reserves.
- Rising ETF inflows and sustained institutional buying signal Bitcoin’s growing appeal as a macro hedge despite recent market volatility.
- Bold predictions about Bitcoin replacing fiat currencies remain controversial, with economists stressing that such a shift would require valuations far beyond current levels.
Bitcoin’s position inside corporate treasuries is gaining visibility as more firms see the asset as a strategic reserve. The idea has been championed again by Blockstream founder Adam Back, who said this week that many companies are steadily moving toward a Bitcoin-based balance-sheet model. Back pointed to the current market cycle and described Bitcoin’s trajectory as early-stage, even after a sharp drawdown of nearly 27 percent since October caused by macro pressure and excess leverage. His broader message centered on long-term direction rather than short-term price turbulence
Bitcoin Becomes Top Asset For Corporate Reserves
Back highlighted a shift that began in 2020 when MicroStrategy introduced its Bitcoin reserve strategy.
JUST IN: CYPHERPUNK LEGEND ADAM BACK JUST SAID THE WORLD’S LARGEST BANKS WILL LAUNCH #BITCOIN SERVICES SOON
IT’S COMING 🚀 pic.twitter.com/ugymxHzbkT
— The Bitcoin Historian (@pete_rizzo_) December 10, 2025
Since then, almost 200 publicly traded companies have accumulated portions of their balance sheets in Bitcoin. Tesla and several other high-profile firms joined that group during the past year. Back said the trend reflects a belief that Bitcoin protects purchasing power in periods of monetary expansion. He added that institutional buying continues at a steady pace, with adoption still developing gradually.
The accumulation by major institutions tells its own story. BlackRock now holds 773,981 BTC across its products. Strategy, previously known as MicroStrategy, holds 415,230 BTC. Holdings of that size demonstrate a level of corporate commitment that would have been unthinkable even five years ago. They also form a foundation for a new type of treasury management strategy built around digital scarcity.
Institutional interest extends well beyond individual companies. U.S. Bitcoin spot ETFs recorded net inflows of 221.56 million dollars yesterday. IBIT, operated by BlackRock, accounted for 190.98 million dollars of that total. FBTC, operated by Fidelity, brought in another 30.58 million dollars. The steady movement of funds into these products reinforces the view that Bitcoin is gaining traction as an investable macro asset for traditional finance.
Bold predictions about Bitcoin’s long-term role are spreading quickly. Younghoon Kim, known online for dramatic macro calls, said on X that he expects Bitcoin to replace the U.S. dollar by 2026. He has made a series of statements forecasting rapid appreciation. Earlier in the week, he told followers that Bitcoin’s current price reflected only a temporary discount driven by manipulation. Kim said he expects that pressure to fade within days and predicted acceleration toward a new peak. He also claimed in November that Bitcoin could surge to 220,000 dollars within roughly six weeks.
Kim’s latest statements drew sharp reactions. Supporters cited expanding adoption, ongoing CBDC pilots, and accelerating institutional inflows. They argued that rising demand, combined with persistent fiat currency expansion, could shift global preferences. Critics dismissed the predictions and questioned Kim’s self-described credentials. The divide shows how sentiment around Bitcoin often hinges on the broader economic outlook rather than day-to-day trading activity.
Economists view the topic through a different lens. Jon Danielsson, Director of the Systemic Risk Centre at the London School of Economics, wrote recently that comparing Bitcoin to sovereign currency requires careful definitions. He said that various types of money complicate the discussion, including narrow monetary aggregates such as M1. Danielsson used M1 across G20 economies as an illustrative benchmark, placing its total value at roughly 31 trillion dollars. He estimated that Bitcoin holders would control about 10 trillion dollars in purchasing power at a price of 550,000 dollars per coin.
To match the full purchasing power of global M1, Bitcoin would need to reach roughly 1.5 million dollars per coin. Danielsson described these figures as rough estimates rather than targets. He wrote that any scenario involving replacement of fiat money implies a Bitcoin valuation far above current levels. His analysis shows the scale of change required for Bitcoin to function as a full monetary alternative at the global level.
Also Read: Larry Fink: Unnamed Sovereign Funds Buying Bitcoin Amid Demand
