Talking at Technique World 2025 right this moment, Chris Kuiper, Vice President of Analysis at Fidelity Digital Assets, challenged companies to reexamine how they consider threat, capital allocation, and long-term monetary well being. “Bitcoin has outperformed each main asset class during the last ten years,” Kuiper mentioned. “If you happen to’re an organization sitting on money or low-yield bonds, you’re falling behind.”
With over a decade of knowledge, Kuiper made the case that Bitcoin isn’t only a speculative asset—it’s a superior strategic reserve. The numbers had been entrance and heart: Bitcoin has delivered a 79% compound annual growth rate (CAGR) during the last decade and 65% over the previous 5 years. In distinction, Kuiper confirmed that investment-grade bonds returned simply 1.3% nominally over the identical interval.
“Firms usually give attention to volatility. However volatility isn’t threat—everlasting capital loss is,” Kuiper defined. He cited inflation and foreign money debasement as the true threats dealing with stability sheets right this moment, displaying how even conventional protected havens like U.S. Treasury bonds have suffered damaging actual returns over time.
To deal with considerations about Bitcoin’s volatility, Kuiper supplied two sensible methods: place sizing and long-term considering. “Bitcoin doesn’t should be all or nothing,” he mentioned. “It’s not a change—it’s a dial.” Even a 1–5% allocation, he argued, can considerably enhance an organization’s risk-adjusted return whereas limiting drawdown publicity.
The presentation then turned to company fundamentals. Kuiper emphasised the significance of return on invested capital (ROIC) over headline earnings, calling out the inefficiencies of sitting on money. For example, he famous that Microsoft’s ROIC drops from 49% to 29% when extra money is included—highlighting the drag idle capital creates.
“Firms are laser-focused on revenue statements, however it’s the stability sheet that tells the true story,” Kuiper mentioned. “Money is a part of that story—and Bitcoin can flip it from useless weight right into a productive asset.”
He closed with a direct query to executives: “What’s your alternative set—and do you imagine these alternatives can outperform Bitcoin?”
In Kuiper’s view, the reply is more and more apparent.