While dozens of public companies currently hold bitcoin on their balance sheets, a world where thousands — yes, thousands — more follow suit is inevitable. At least according to panelists at Bitwise’s Bitcoin Standard Corporations Investor Day.   

“To everyone wearing an orange tie…It’s good to be on the team with you,” Strategy founder Michael Saylor told the Thursday event crowd.

He then wanted the Pier 59 window shades lowered to prevent light from obfuscating his PowerPoint presentation. As if the bitcoin Gods heard him, they started coming down a moment later.

It was Saylor’s typical spiel, one you might have heard before: Most asset classes don’t beat monetary inflation. Bitcoin allows an Uber driver in Nigeria to outperform the smartest money managers in NYC. It’s a better version of gold that he expects to hit $13 million a coin by 2045. Yada yada yada. 

Strategy owns 538,200 BTC. (Here’s, in a nutshell, how they plan to keep buying.) 

“I don’t say this to brag, because the truth is the way we did it was so brainless,” Saylor said. “Everything that all these companies do is extremely complicated — we could not create NVIDIA chips or create iPhones. Every one of you could copy me.”

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High Tech India