Eric Semler: Not Owning Bitcoin Will Be ‘Irresponsible’ for Public Companies

Eric Semler: Not Owning Bitcoin Will Be ‘Irresponsible’ for Public Companies

Eric Semler, chairman of Semler Scientific, believes that not owning bitcoin will soon be seen as "irresponsible" for public companies. As more businesses recognize the strategic value of bitcoin, Semler predicts widespread adoption of the cryptocurrency as a reserve asset.

Bitcoin Adoption: A Slow but Steady Shift

The adoption of bitcoin among public companies has been gradual, largely due to the conservative stance of many institutions. Semler, a key advocate for bitcoin within Semler Scientific, has offered insights into why this shift has taken time. He attributes the hesitancy to risk aversion, stating:

“Many people instinctually see new and unfamiliar things as risky. But sometimes, the new and unfamiliar is the safer and more responsible strategic option. I believe this is one of those times.”

By comparing the U.S. dollar and bitcoin as reserve assets, Semler suggests that bitcoin offers a more secure and forward-thinking alternative.

Semler’s Bold Prediction

Semler has made a striking forecast about the future of corporate treasury strategies:

“In the near future, I predict it will be considered IRRESPONSIBLE for public companies not to own bitcoin on their balance sheets.”

Semler Scientific’s Bitcoin Strategy

Semler Scientific has been proactive in adopting bitcoin. The company made its first purchase of 581 BTC in May for $40 million, marking its commitment to what Semler described as a "major asset class with more than $1 trillion of market value." Semler even declared bitcoin to be a superior reserve asset compared to gold.

Since then, Semler Scientific has expanded its bitcoin holdings. Its latest acquisition of 211 BTC for $21.5 million brings its total reserves to over 2,000 BTC, placing it among a select group of companies with significant bitcoin holdings.

A Growing Trend Among Public Companies

Semler Scientific is not alone in embracing bitcoin. Companies like Microstrategy have set the stage for this trend, with others following suit:

• Rumble: The digital video platform recently invested $20 million in bitcoin.

• Metaplanet: A Tokyo-based public company, has also made significant bitcoin purchases.

This growing adoption signals a broader acceptance of bitcoin as a strategic reserve asset, with companies recognizing its potential to safeguard against traditional currency risks.