Bitwise CIO: The purchase of Bitcoin by companies like MicroStrategy is an overlooked huge trend

Odaily Planet Daily reports that since the launch of its Bitcoin acquisition plan in 2020, MicroStrategy has purchased 450,000 Bitcoins, with a total value exceeding $43 billion. The latest purchase of 2,530 Bitcoins was announced on Monday. Bitwise Chief Investment Officer Matt Hougan outlined why he believes companies like MicroStrategy buying Bitcoin is an "overlooked huge trend".

Hougan wrote in a report to clients on Tuesday: "This is a bigger trend than most people realize. In fact, I think it's a really huge trend. Within the next 12 to 18 months, we will see hundreds of companies buying Bitcoin for their financial reserves and their purchases will significantly push up the entire Bitcoin market."