Bitcoin Treasuries: The New Gold Rush or Just Another Fad? đŸ€”đŸ’°

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In the grand theater of finance, where the actors wear suits and the stage is lit by the glow of screens, Metaplanet’s chief executive, Simon Gerovich, stands as a prophet of the Bitcoin age. He foresees a burgeoning tribe of Bitcoin treasury firms, much like the wildflowers that bloom after a spring rain.

In a recent tĂȘte-Ă -tĂȘte with the illustrious Anthony Pompliano, the oracle of Pomp Investments, at the Bitcoin Investor Week in the bustling heart of New York, Gerovich proclaimed that the triumphs of Metaplanet and its kin, Strategy, will serve as a siren call to other enterprises, beckoning them to embrace this novel business model. Ah, the sweet allure of Bitcoin! 🌾

“We’ve been inspired incredibly by the work of MicroStrategy, Strategy. And we hope that through the initial success that we’ve had, and we’re very humbled by the interest that the market has taken in us so far, but we want to inspire other public companies also to do the same thing. And so I think for people in the room, it’s just letting everyone know that there is this new category of company called a Bitcoin treasury company. There aren’t that many now, but I think more and more companies will begin to look at this as an interesting path forward.”

Ah, but the banks! Those bastions of conservatism, once blind to the shimmering potential of Bitcoin, are now peeking through their curtains, squinting at the bright light of adoption. Gerovich muses, with a hint of sarcasm, about their previous reluctance.

“Sometimes I just wonder why these banks are so conservative. I feel perhaps they’re brainwashed to a specific way. They’re taught certain metrics, and if something doesn’t fit into that box, then it doesn’t work. But they’re definitely opening their eyes now. I think the launch of the ETF (exchange-traded fund) last year, a lot of people, perhaps in this room, that play the role in educating those in traditional finance about Bitcoin, it’s starting to have an impact.”

With a twinkle in his eye, he adds, “We’re getting a lot of inbound interest from institutions, from investment banks, where they have a client that wants to speak to us. And I think as more and more people reach out to their banks and say, we’d like to speak to companies that are adopting this sort of strategy, the better it is.”

As the clock ticks, Bitcoin dances at a price of $87,335, holding steady like a seasoned performer on stage, unperturbed by the chaos of the world around it.

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2025-03-26 17:41