Name: Rodolfo Novak: Why Corporate Bitcoin Treasuries Help Us All
Uploaded: 2020-10-22T17:28:01+00:00
Duration: 15 min 28 s
Description: The last three months in Bitcoin have been marked by large corporate entities transitioning significant portions of their treasury holdings into bitcoin, most notably MicroStrategy and Square. To comp

3 years ago

The last three months in Bitcoin have been marked by large corporate entities transitioning significant portions of their treasury holdings into bitcoin, most notably MicroStrategy and Square.

To compile this trend into a single, easily-digestible database, Coinkite’s Rodolfo Novak (@NVK) launched bitcointreasuries.org, listing companies that have made the transition to hold bitcoin as a treasury asset.

In this interview with Bitcoin Magazine's Peter Chawaga (@PeterChawaga), Novak explains why corporations are choosing this moment to FOMO into bitcoin, what this trend means for your average sat-stacking bitcoin investor and what corporate interest in BTC reserves could look like in ten years.

Check out these timestamps for some highlights:

0:55 - 2:56 Why Novak created bitcointreasuries.org
3:00 - 4:21 The time of the Square and MicroStrategy bitcoin buys
4:38 - 5:49 Novak's reflection on MicroStrategy
6:00 - 7:42 Explaining what this trend means for Bitcoin overall
7:55 - 8:59 Considering what bitcoin treasuries will look like in one year (all companies will hold BTC)
9:40 - 10:42 Why Square and MicroStrategy made this move
11:41 - 12:19 Novak reflects on what it means for Square to hold its own bitcoin
12:49 - 13:29 "It's criminal not to have bitcoin exposure at this moment"