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The Bitcoin Accumulation Race: Businesses Invade, Do Individual Investors Still Have a Chance?
In recent months, many large companies around the world have started purchasing significant amounts of Bitcoin. It seems that every few days there is news of another business joining the ever-growing list of Bitcoin investors. One of the first big names in this field is MicroStrategy, led by CEO Michael Saylor. Many years ago, the company started buying Bitcoin and since then, the company's stock price has skyrocketed by 3,000%. Saylor stated that he believes other companies will have no choice but to follow suit, especially as the price of Bitcoin continues to rise. Why are more and more companies buying Bitcoin? According to an analyst's explanation, it's quite simple: when a few companies start buying Bitcoin and their stock prices rise, other businesses will take notice. Before long, many other companies feel pressured to get involved, which pushes the price of Bitcoin even higher. As the price rises, new buyers will have to pay more to enter the market, creating a rush to buy before the price goes even higher. New player from Indonesia A company called DigiAsia from Indonesia has just announced plans to buy $100 million in Bitcoin. While not as big as MicroStrategy's investment, it's still a huge amount of money. What's more surprising is that DigiAsia plans to use 50% of its profits in the future to continue buying Bitcoin. This shows that they are serious about making cryptocurrencies an important part of their financial strategy. Many larger numbers from other companies Another company named MetaPlanet is also attracting attention. They aim to build a Bitcoin reserve of 10,000 Bitcoin by the end of this year and 21,000 Bitcoin by the end of next year. Recently, they revealed that they have collected over 6,700 Bitcoin — much faster than expected. The big question right now is: with the price of Bitcoin expected to rise to around 370,000 to 500,000 dollars by the end of this year, will these companies still want to buy more at such high prices? And what will happen if Bitcoin reaches 2.4 million dollars by 2029 or 2030, as some predictions suggest? What does this mean for regular Bitcoin holders? Whenever a company buys thousands of Bitcoin, they reduce the amount of coin available for everyone else. Some experts have said that one day, even millionaires and billionaires will not be able to buy a full Bitcoin because so many coins have been withdrawn from the market by large companies. There is an old idea in the cryptocurrency world that owning just 0.28 Bitcoin would put you in the top 1% of Bitcoin holders. At that time, people thought it was a small number. But with companies holding large amounts of Bitcoin, that 0.28 BTC is starting to seem much more valuable. In summary More and more companies are buying Bitcoin as a long-term investment. As these businesses continue to increase their Bitcoin reserves, this could drive the price up and make it more difficult for others to buy in the future. And if Bitcoin reaches the price level that some experts predict, it will make the small amount of Bitcoin that ordinary investors own even more valuable.