The trend of incorporating Bitcoin into balance sheets may continue until 2025.

I believe that this trend will become a significant driving force next year, especially with the entry of institutional investors, and companies are starting to participate, particularly those listed companies trying to gain exposure to Bitcoin. Additionally, you may also see small and medium-sized enterprises (SMEs) joining in.

In recent years, MicroStrategy has purchased $27.7 billion worth of Bitcoin and plans to buy hundreds of billions more. Bitcoin mining companies Mara and Riot are examples following MicroStrategy's lead, issuing convertible notes to purchase more Bitcoin. Earlier this week, Metaplanet announced plans to raise $31.8 million through a bond issuance to accelerate Bitcoin purchases. The core idea behind these moves is that they can enhance the company's balance sheet while boosting stock prices.

Bitcoin is at 95,800, looking at 1,000-2,000 points.

The index is at 3,320, looking at 80-120 points.