SMLR - Bitcoin Prisoner Dilemmas: Another Pubco Adopts The MicroStrategy Playbook

2024-05-31 08:08:36 ET

Summary

• Bitcoin adoption by public companies is happening amidst greater institutional recognition. Semler Scientific stands out as a recent example.
• The mainstream recognition of Bitcoin as digital gold and a safe haven asset is increasing, leading to more companies adopting BTC.
• The U.S. regulatory landscape for crypto is improving, which is expected to be very bullish for Bitcoin and altcoins.
• There is a strong game theory element to all of this. I deconstruct this thinking in the article.

Bitcoin (BTC-USD) has been fighting the $73,000 resistance for months now. The Halving in April has yet to deliver on the promises of parabolic returns. With the approval of the Ethereum (ETH-USD) spot ETFs, it seems that the U.S. regulatory picture for crypto has taken a much more favorable turn....

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