Deep Tide TechFlow news, on December 27, The Block reported that an analyst from market maker Wintermute stated that the trend of companies adding Bitcoin to their balance sheets could develop by 2025.
Wintermute's over-the-counter trader Jake Ostrovskis said: "I think that next year, when companies start to adopt Bitcoin on an institutional basis, this will become a significant driving force." You may also see small and medium-sized enterprises (SMEs) getting involved.
He pointed out: "Currently, people are talking about the impact of ETFs, but the real driving factor is that you can now have pension funds and sovereign wealth funds invest cash." Traditional hedge funds have been waiting for exchange-traded funds to provide an entry into the cryptocurrency market, and now they are acting quickly because they see the opportunity in the market.
Ostrovskis predicts that some companies will follow the approach of MicroStrategy, using Ethereum instead.
