Blockstream founder: All companies will eventually become bitcoin reserve companies

According to ChainCatcher, as reported by 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. Although its 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 listed companies have followed suit this year, including large enterprises such as Tesla. He emphasized that bitcoin is a long-term hedge against inflation, institutional buying continues, and adoption is still at a very early stage.