Bitcoin (CRYPTO: BTC) is undergoing a reframing in how institutions may treat it, not as a volatile asset, but as digital infrastructure akin to real estate.
What Happened: Fundstrat co-founder and Bitmine (AMEX:BMNR) chairman Tom Lee drew a sharp analogy in an conversation with Bitwise, saying Bitcoin as a treasury asset is like owning the land underneath a McDonald’s franchise, not running the business.
“It’s better to be the landowner of a McDonald’s franchise than the operator,” Lee said, explaining that corporations may begin viewing Bitcoin as a foundational asset — one that provides long-term capital leverage much like commercial real estate …