Metaplanet's Director of Bitcoin strategy Dylan LeClair sees Bitcoin BTC/USD as a significant addition to all portfolio types

Metaplanet's Director of Bitcoin Strategy Dylan LeClair has expressed strong enthusiasm for Bitcoin (CRYPTO: BTC) as an addition to all portfolio types, highlighting MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor's strategy to use it as a hedge.

In an interview with Fox Business on Wednesday, LeClair discussed Bitcoin's role as a transformative asset in the context of corporate finance. He went beyond describing it as a speculative asset, suggesting it has the potential to grow into a $100 trillion technology. According to LeClair, Bitcoin should be included in portfolios, retirement accounts, pensions and corporate balance sheets.

LeClair noted that even Wall Street is starting to recognize Bitcoin's value, especially as traditional currencies like the dollar, euro and yen are weakening.

He pointed to the success of MicroStrategy as a key example of Bitcoin's potential. Since the company adopted Bitcoin in August 2020, it has grown from a $1 billion firm to an entity with a market cap of $36 billion, outpacing all S&P 500 stocks.

LeClair credited Saylor for using Bitcoin's volatility to his advantage, transforming MicroStrategy's approach to corporate finance. What started as a defensive hedge during the COVID-19 crisis has become an aggressive growth strategy.

LeClair's insights come amid growing sentiment across financial sectors regarding Bitcoin, as evidenced by recent comments from BlackRock (NYSE:BLK) CEO Larry Fink, who noted that Bitcoin has a bright future regardless of political outcomes.

The broader acceptance of Bitcoin by major institutions is further highlighted by MicroStrategy's plan to become the leading Bitcoin bank. The company's successful Bitcoin strategy provides a blueprint for other corporations to follow.

The impact of Bitcoin as an institutional asset class will be extensively explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.

Image created using artificial intelligence with Midjourney.

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