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It is one of the most important stock indices. The S&P 500 includes the 500 largest US companies listed on the stock market. It brings together the crème de la crème of the business world. Every action and reaction is closely monitored by analysts and has implications for the future.
One in four included?
If the crypto consulting firm Architect Partners is to be believed, in just five years, one in four companies in the S&P 500 will be invested in Bitcoin. Already, some major corporations like GameStop are stepping forward and announcing their plans to invest heavily in Bitcoin in the future.
Countless economic giants are expected to follow this example by 2030, according to a leading representative of Architect Partners in a blog post. Elliot Chun expects that pressure will increase on corporate treasury managers to invest a portion of their available funds in Bitcoin.
Will MicroStrategy’s success inspire imitators?
Ultimately, MicroStrategy‘s example shows that even large corporations outside the industry have discovered Bitcoin as an investment and are investing heavily. Today, the company is considered the largest Bitcoin investor among publicly traded companies in the US.
After all, it’s not just outspoken Bitcoin supporters who expect the price of the digital currency to continue rising. Tech stars like Twitter founder Jack Dorsey see Bitcoin in a range of half a million to $1 million in a few years.
GameStop investors aren’t happy
Critics warn, however, that the Microstrategy case could be an isolated incident. After all, the software company was a very early adopter of Bitcoin. GameStop recently suffered a slump in its share price after the company announced its intention to invest in Bitcoin.
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