Metaplanet CEO Simon Gerovich predicts that the future will see an increasing number of Bitcoin companies like Strategy, which exist solely to continuously buy Bitcoin.
In a new interview with Anthony Pompliano, founder of Pomp Investments, during Bitcoin Investor Week in New York, Gerovich explained that the success of Metaplanet and Strategy—two publicly traded Bitcoin companies—will likely attract more players.
Inspired by MicroStrategy
“We’re incredibly inspired by the work of MicroStrategy, which recently changed its name to Strategy. And we hope our early successes encourage other publicly traded companies to follow the same path. I’d like to share with everyone here that there’s a new category of companies emerging—so-called Bitcoin reserve companies.
There aren’t many of them right now, but I think more and more companies will see this as an interesting path forward,” Gerovich said.
In addition to companies, Gerovich also observes that banks are increasingly showing interest in Bitcoin adoption—despite initial hesitancy.
Banks are opening their eyes
“Sometimes I wonder why banks are so conservative. It almost feels like they’ve been brainwashed to operate a certain way. They’ve learned to work with certain indicators, and if things don’t fit those frameworks, it doesn’t work for them.
But they’re definitely opening their eyes. I think the launch of ETFs has impressed a lot of people in this space. We’re getting a lot of inquiries from institutional investors and investment banks whose clients want to talk to us.
And the more people call their banks and say they want to talk to companies like that, the better,” Gerovich said.
Shortly after this interview, GameStop, another company following the same strategy as Strategy and Metaplanet, joined the ranks. It will be exciting to see if they, too, manage to raise billions of dollars to buy Bitcoin—as Strategy has already done.
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