Blockstream founder: All businesses will eventually become Bitcoin reserve companies

According to DLNews, Blockstream founder Adam Back stated that all companies will eventually become Bitcoin reserve companies. He pointed out that Bitcoin is still in the early stages of a bull market, and although the price has dropped nearly 27% from the historical high in October due to macro issues and high leverage, the long-term trend remains bullish.

Back believes that since MicroStrategy initiated its corporate Bitcoin reserve strategy in 2020, nearly 200 publicly traded companies have followed suit this year, including large companies like Tesla. He emphasized that Bitcoin is a long-term inflation hedge tool, and institutional buying continues, with adoption still in a very early stage.