Adam Back, CEO of Blockstream, commented on the current trend of institutional investments in Bitcoin, calling it a new phase for the cryptocurrency market.
This is reported by Finway
Growing Interest in Bitcoin Treasuries
According to Back, companies’ strategies for creating Bitcoin treasuries can be seen as a new altseason for the market. He recommends that investors shift their capital into the first cryptocurrency or stocks of companies that actively invest in Bitcoin. In his view, this allows for maximizing the growth potential of this digital currency.
“The Bitcoin treasury season is a new altseason for speculators. It’s time to convert altcoins into Bitcoin or Bitcoin treasuries [stocks of companies that manage them],” Back stated.
In response to a question about the advisability of investing in Bitcoin directly or through securities, Adam Back pointed out that companies are seeking to increase earnings per share through these strategies. However, he noted that even when raising capital through bonds or other financial products, ultimately all these funds are directed into Bitcoin.
Development of Multi-Currency ETFs and Company Examples
Separately, the expert was asked about his views on multi-currency ETFs based on crypto assets. Back reiterated his position: he recommends investing directly in Bitcoin or, for more risk-tolerant investors, in stocks of companies that hold Bitcoin on their balance sheets.
This strategy has become popular among large companies, even those that have no direct connection to the financial sector or cryptocurrencies. For example, the Spanish coffee shop chain Vanadi Coffee and the American medtech company Semler Scientific are already adopting the model pioneered by MicroStrategy: they are actively forming their own Bitcoin treasuries.
At the same time, some experts express skepticism about this trend. SkyBridge Capital founder Anthony Scaramucci noted that the mass creation of Bitcoin wallets could turn into a “bubble” and harm the project itself.