Bitcoin’s corporate boom raises ‘Fort Knox’ nationalization concerns

1 week ago

Corporate Bitcoin treasuries person surged past $100 billion, raising concerns among analysts that the United States could 1 time nationalize these holdings successful a determination reminiscent of the golden modular era.

Corporate crypto treasuries person surpassed $100 cardinal of integer plus holdings, with Bitcoin (BTC) treasury firms amassing 791,662 BTC worthy astir $93 billion, representing 3.98% of the circulating supply, Cointelegraph reported connected July 31.

The increasing firm holdings whitethorn contiguous a caller centralized constituent of vulnerability for Bitcoin, which whitethorn spot the world’s archetypal cryptocurrency travel the aforesaid “nationalization path” arsenic golden successful 1971, according to crypto expert Willy Woo.

“If the US dollar is structurally getting anemic and China is coming in, it’s a just constituent that the US mightiness bash an connection to each the treasury companies and centralize wherever it could beryllium past enactment into a integer form, not make a caller golden standard,” Woo said during a sheet treatment astatine Baltic Honeybadger 2025, adding:

“You could past rug it similar happened successful 1971. And it’s each centralized astir the integer Bitcoin. The full past repeats again backmost to the beginning.”

In 1971, President Richard Nixon ended the Bretton Woods system, suspending the dollar’s convertibility into golden and abandoning the fixed $35-per-ounce rate, efficaciously ending the golden standard.

Woo noted that organization adoption is inactive a captious measurement for Bitcoin to regenerate the US dollar, surpass golden and go a caller monetary standard. “That’s not going to hap until you get the ample gatekeepers of superior opening up to Bitcoin and pouring wealth in,” helium said.

The analyst’s comments travel amid a play of accelerating organization adoption, 2 weeks aft 35 publically traded companies person surpassed 1,000 BTC oregon astir $116 cardinal successful equilibrium expanse holdings each, Cointelegraph reported connected July 25.

Nationalization efforts whitethorn besides people Bitcoin whales, according to Preston Pysh, co-founder of the Investors Podcast Network and Bitcoin task money Ego Death Capital.

“They’re going to instrumentality the Bitcoin due to the fact that it’s going to person an organization custodian that does not privation to spell to jail,” helium explained, adding that the archetypal targets whitethorn beryllium “private entities that person a batch of Bitcoin.”

Massive upside contempt risks

Despite the nationalization concerns, the increasing firm adoption whitethorn contiguous a imaginable $100 trillion marketplace opportunity.

Bitcoin is already a $2 trillion-dollar plus astatine conscionable 16 years of age, said Woo, adding that “we’ve got 100x to grow, and it’s astir apt going to instrumentality decades to get there.”

Woo’s projection aligns with anterior forecasts from Adam Back, co-founder and CEO of Blockstream, who has described Bitcoin arsenic a $200 trillion marketplace opportunity successful the agelong term.

“A sustainable and scalable $100-$200 trillion commercialized front-running hyperbitcoinization. scalable capable for astir large listed companies to determination to BTC treasury,” said Back successful an April 26 X post.

Hyperbitcoinization refers to the theoretical aboriginal wherever Bitcoin becomes the largest planetary currency, replacing fiat wealth owed to its inflationary economics.