Bitcoin is the best treasury reserve asset humanity's ever had

Separately, some companies help their clients invest in BTC. One such company is Grayscale Investments through its GBTC trust, which holds around 450,000 BTC. With that stated, the amount of Bitcoin that publicly traded companies hold as a reserve is a tiny fraction of the corporate treasuries around the world.

Of course, there is the question of where to place Bitcoin in company investment portfolios.

Some investment firms have chosen to create entirely separate holding companies for Bitcoin and other crypto assets.

In particular, I found his pick of 100 years as the base on which to measure the success or failure of a reserve asset very interesting.

Even for individuals, it still makes sense to look at how investments might change over a hundred years, as a person might amass wealth intended for heirs or even causes that are close to the heart, such as climate change.

"An excellent way to evaluate any investment is to take $100 million and move it forward a hundred years and ask the question what happens. If I had $100 million worth of currency in any of the largest cities of the world in the year 1900, and I went forward for 100 years, and I put the money into the best bank in the city, I have two types of risks; counterparty risks and inflation risk. Regarding counterparty risk, every major bank in every major city around the world failed in 100 years. And that is a 90% probability you lose everything."

Of course, the most obvious weakness to spot when considering the performance of any reserve asset in 100 years is inflation.

As a peer-to-peer network, the Bitcoin platform gives holders of the asset a level of control that bypasses regulation or the use of state force.

We are almost assured that its value will continue growing over the years, as the supply is determined and the emission rate of new units halves every four years.

The autonomy and increasing scarcity of Bitcoin is most likely going to drive its value up over time, and it would come as no surprise in 100 years to see its price considerably higher than where it is today.