Blockchangers Blog

Bitcoin Hits the Balance Sheet

Alpha Sigma Capital Research Report Highlights:

Wedbush sees as much as 5% of the S&P500 companies putting a percent of their balance sheet cash into Bitcoin.

ARK Invest estimates that if 1% of all cash held by S&P500 companies were allocated to BTC, the price of BTC would rise by $40K. If 10% of all cash held by S&P500 companies were allocated to BTC, the price of BTC would rise by $400,000.

At least 26 public and private companies, funds, educational institutions holding Bitcoin on their balance sheets:

  • Tesla
  • MicroStrategy
  • Harvard
  • Yale
  • Etc.

Bitcoin: Currency of interest

  • Ethereum coming in second place followed by other cryptocurrencies

Why Crypto?:

  • Diversification tool for cash and short term investments
  • Potential short term returns as compared to stocks and other assets
  • Put forth a future-oriented appearance

Crypto Opportunities:

  • The greater appeal, the greater accessibility and trade-ability
  • Diversification benefits
  • No bank influence
  • Bridge currency between multiple fiat currencies: lowers the cost of transacting
  • Inflation hedging

Crypto Risks:

  • Opposition from banks
  • Uncertain regulatory environment
  • Concerns over scalability and security
  • Price volatility

*To access the full research report please visit: https://docsend.com/view/fhmddikv87ds78jw

Jordana Cohen,

Associate

Alpha Sigma Capital

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Daniel Siciliano

F. Daniel Siciliano is an Independent Director of the Federal Home Loan Bank of San Francisco and Chair of the American Immigration Council. He is the former faculty director of the Rock Center for Corporate Governance at Stanford University and former Professor of the Practice and Associate Dean at Stanford Law School. His work has included expert testimony in front of both the U.S. Senate and the House of Representatives and for 2009, 2010, and 2011, alongside leading academics and business leaders such as Ben Bernanke, Paul Krugman, and Carl Icahn, Professor Siciliano was named to the “Directorship 100” – a list of the most influential people in corporate governance.

Siciliano was also co-founder, CEO and ultimately Executive Chairman of LawLogix Group, Inc. – a global software technology company named 9 consecutive times to the Inc. 500/5000, several times ranked as one of the Top 100 fastest-growing private software companies in the US and named to the US Hispanic Business 500 (largest) and Hispanic Business 100 (fastest growing) lists for 2010 and 2011. In 2012 he sold a majority stake of the company to PNC Riverarch Capital, continued as Executive Chairman, and led the sale of the company to Hyland Software/Thoma Bravo in 2015.

Siciliano is a co-founder and board member of the Silicon Valley Directors’ Exchange (SVDX), Chairman of the national non-partisan American Immigration Council, past-President of the League of United Latin American Citizens (LULAC) Council #1057, and an active member of the Latino Corporate Directors’ Association.


Siciliano’s related areas of expertise include executive compensation, corporate compliance, the legal and social impact of autonomous (AI/robotic) systems, and corporate technology strategy and security. He has served as a governance consultant and trainer to the Board of Directors of dozens of Fortune 1000 companies (including Google, Microsoft, Fedex, Disney, Entergy and Applied Materials), is an angel investor and consultant to several firms and companies in Silicon Valley, Hong Kong, India, and Latin America, and currently serves as an independent director on the board of the Federal Home Loan Bank of San Francisco. He lives in Los Altos, California.