Bitcoin’s future success continues to be a topic of debate even today.
During Bitcoin Investor Week in New York, Anthony Pompliano, along with Strategy’s CEO Phong Le and KindlyMD’s CEO David Bailey, discussed the path to success for Bitcoin and the potential outcomes for Bitcoin Digital Asset Treasuries (DATs). Despite the uncertainties, their long-term outlook remains positive.
Strategy’s approach to buying BTC
Strategy, the first publicly traded company with BTC holdings, played a significant role in introducing crypto to Wall Street and traditional finance.
In the first phase, Strategy invested $600 million in BTC. The second phase saw them leveraging convertible notes, reaching $12 billion, but the CEO deemed it unsustainable in the long run.
The latest phase in 2025 involved raising $7 billion and transitioning into a digital credit company issuing perpetual preferreds, such as Stretch (STRC) traded on Nasdaq with an average daily volume of $150 million.
Phong Le explained, “If we want to match something like Bitcoin, which has high volatility over the long term, we need to offer a low volatility product like STRC.”
These products have been instrumental in driving BTC adoption by catering to investors seeking BTC’s returns without its volatility.
The CEO emphasized the importance of having a long-term view when buying BTC, suggesting a holding period of 4 to 5 years. When asked about selling their Bitcoins, Phong stated, “We are not selling our Bitcoin…but if Bitcoin trades at $8,000 for 5 years straight.”
Key factors for Bitcoin’s success
The success of Bitcoin in the long run depends more on people than on governments. David Bailey expressed optimism about Bitcoin’s future, stating, “If we want progress to continue, we need more people to own Bitcoin every year. And it’s just an inevitability…And Bitcoin will be successful with or without the government.”
Governments have recognized the benefits of collaborating with Bitcoin. For example, the U.S. government recently transferred 0.3346 BTC valued at $22,650, possibly for routine wallet management or testing purposes.
Outlook on Bitcoin DATs
While both Phong and Bailey acknowledged it was still early for Bitcoin, their views on DATs differed.
Phong Le believed that the more DATs there were, the better it would be for Bitcoin. On the other hand, Bailey argued that DATs needed the inherent strengths of companies like Strategy to succeed.
He predicted that half of the current DATs would disappear within the next 18 months due to consolidation in the market.
Bitcoin recently broke above the $62,960 to $70,900 range, showing a 7% increase in 24 hours. Sustaining this momentum could drive the price above $78,800.
Source: BTC/USD on TradingView
Final Summary
- Bitcoin Investor Week sheds light on Strategy’s role in mainstreaming Bitcoin.
- Bailey emphasizes the importance of public adoption for Bitcoin’s success and predicts consolidation in the DAT market.