ViaBTC｜Bitcoin is Becoming a Mainstream Asset, as Big Shots like Elon Musk and Tim Cook Join the Game
In the crypto community, Tesla’s CEO Elon Musk is noted for his strong crypto marketing skills — He has frequently stated his support for cryptos like Bitcoin on his Twitter account. Although Elon Musk occasionally makes a U-turn when it comes to cryptos, he has undoubtedly become one of the most influential crypto KOLs. What surprised us is that another business tycoon, Apple’s CEO Tim Cook, recently said that he has dabbled with cryptos.
In an interview at the New York Times DealBook Online Summit on the evening of November 9 (UTC-5), Tim Cook shared his views on cryptocurrencies, which is very rare. He said that he had been interested in the technology for a while, and after researching it a bit, Cook came to the view that it is reasonable to own cryptocurrencies as part of a diversified portfolio. The head of Apple also confirmed that he holds some cryptos. However, Cook also made it clear that his remarks are not intended as investment advice for anyone.
As the CEO of Apple, the world’s most valuable company, Cook’s views also confirmed that cryptos are becoming a mainstream investment asset. Gradually, the mistaken view that cryptocurrencies are nothing but scams has been scotched, and cryptos like Bitcoin have replaced gold as the new craze among institutional investors.
27 public companies invested in Bitcoin
Around the world, 27 listed companies own bitcoins, holding more than 210,000 bitcoins ($12.3 billion), according to statistics from CoinGecko, a crypto analysis platform. Of these entities, MicroStrategy Inc is the biggest BTC holder, with 114,042 bitcoins, followed by Tesla with 48,000 bitcoins.
Michael J. Saylor, founder and CEO of MicroStrategy, responded that his company will keep buying bitcoins in the coming years. Although the BTC price has been volatile, it has always trended upward. He also believes that in the next decade, Bitcoin will become the most powerful, dependable, and technologically advanced store of value in the global economy.
Apart from this, countries like Venezuela have also included Bitcoin in their strategic reserve. Although they kept a low profile, these countries have made large investments in Bitcoin and the mining machine industry and have even mobilized the military to mine Bitcoin. On June 9, 2021, El Salvador also passed a bill that adopted Bitcoin as its legal tender. It is clear that crypto assets led by Bitcoin have become part of mainstream portfolios.
Billionaires? The top 10 BTC addresses in terms of holding
Let’s take a look at the current number of bitcoins held by the Bitcoin whales. The top 10 BTC holders account for 5.84% of the total BTC supply, holding over one million bitcoins, according to the data from the ViaWallet Blockchain Explorer. Among the whales, the №1 address ending with seo holds 288,000 bitcoins, which are worth $16.7 billion, according to the current BTC price ($58,122), and the holding of the №10 address ending with QeC is also worth nearly $3.1 billion. Looking back on the guy who paid 20,000 bitcoins for just two pizzas, one is overwhelmed by this wealth-making miracle that showed an incredible growth by tens of millions of times.
Data from ViaWallet Explorer, as of November 22
Conclusion
Since its creation over a decade ago, Bitcoin has become increasingly recognized around the world, and its price has also witnessed multiple bulls and bears. Recently, the BTC price exceeded $69,000, setting another historic high. As more funds flow into the market, the BTC feat continues. Even Tim Cook believes it reasonable to include cryptocurrencies as part of a diversified portfolio, so who will be the next business tycoon to advocate Bitcoin?
