Bitcoin has incredible potential

The potential that bitcoin has, as financial instruments, was analyzed this Thursday, February 25, by two renowned directors of investment funds. Catherine Wood of ARK Investment and Michael Sonnenshein, CEO of Grayscale, discussed the issue during the Bloomberg Crypto Summit, a virtual event that brought together various business executives.

Wood also compared the reach that bitcoin has had, as an asset, when relating it to the capitalization of the manufacturer of computers and mobile devices, Apple. The American company exhibits a capitalization of more than two trillion dollars, while bitcoin, in 12 years, has already touched one trillion dollars.

Wood's point is that bitcoin, without being a company and in terms of valuation, already represents half of the most important company in the world.

I think companies are adopting it as part of their investment portfolio either for hedging, trading excess cash or simply because they consider it an attractive long-term asset.

Companies like MicroStrategy have already invested more than $ 2 billion in cryptocurrency. Elon Musk's Tesla set aside $ 1.5 billion in January to have exposure to the crypto asset