Fidelity Executive: BTC's long-term performance far exceeds traditional assets and has strategic reserve value
ChainCatcher news, according to Bitcoinmagazine, Fidelity Digital Assets Vice President Chris Kuiper delivered a speech at the Strategy World 2025 conference, urging companies to reassess their considerations of risk, capital allocation, and long-term financial health. He pointed out that Bitcoin has had a compound annual growth rate of 79% over the past decade, far exceeding the nominal return rate of 1.3% for investment-grade bonds, proving that it is not only a speculative asset but also a strategic reserve. He emphasized that companies need to reevaluate risk and capital allocation, as inflation and currency devaluation are threatening balance sheets, and traditional safe havens like U.S. Treasury bonds have turned negative in real returns.In response to the volatility controversy surrounding Bitcoin, Kuiper proposed position adjustments and long-term strategies, suggesting that companies allocate 1-5% of their assets to Bitcoin, which could enhance risk-adjusted returns and limit drawdowns. He also cited Microsoft as an example, pointing out that if excess cash were taken into account, its return on invested capital (ROIC) would drop from 49% to 29%, highlighting the inefficiency of cash. He concluded that companies should focus more on their balance sheets rather than just their income statements, as Bitcoin can convert idle cash into productive assets, and posed the question to executives: "Can your opportunities outperform Bitcoin?"
