At the 2025 Bitcoin Conference in Las Vegas, the founder and managing partner of Pantera Capital Danmorehead, head of organizational research at Galaxy Digital Alex Thorn, CEO and CEO of 10T Holdings + 1roundtable Partner, and co-founder and CEO of Blockstream Adam discussed the future of Bitcoin Treasury Companies.
Dan Tapiero started by sharing his opinions on how he views Bitcoin compared to gold.
“I started this physical gold business many years ago because I have always believed in physical ownership that individuals should have rights and be able to own their assets,” Tapiero said. “I think our focus today is further adoption and promotion of Bitcoin. I think we understand Bitcoin as an important asset.”
Asked what he thinks about Bitcoin Finance Companies, Adam Buck said, “In fact, Blockstream was one of the first Bitcoin Finance Companies. We've been around since 2014 and we're working with investors to put Bitcoin on the balance sheet at the time. Put it in Bitcoin and don't put it in anything else.”
Adam then continued by explaining what the finance company was doing.
“That's why we're switching to the Bitcoin standard because it's the only way they can keep up with Bitcoin.” “They start with a Bitcoin capital base. They use the inside within the operation to buy more Bitcoin, and then they can participate in this kind of microarbitrage.”
Finishing the panel, Alex Thorne asked, “What will Bitcoin cost five years from now?”
Dan Morehead predicted $750,000k, while Tapiero was $1,000,000, and said “1 million is easy.”
Adam shut down saying it was “it's too early for retail investors.”
You can see the full panel discussion and the rest of the Bitcoin 2025 Conference Day 2 below.
This post Adambak said it was still early on for retail investors to buy Bitcoin, first appeared in Bitcoin magazine, written by Oscar Zaragaperez.
