A crypto analyst said that the Bitcoin treasury approach may not have the longevity of many expecting many, warning that the easy upside may be behind the new companies entering the space.
“My instinct is the Bitcoin Treasury approach Says On an X post on Friday.
“This can be completed” for new bitcoin treasury companies
“For many new enters, it can be over,” Check said, adding that it’s not “about a measuring contest” but rather how a company’s product and approach is maintained when it comes to long -term bitcoin (Btc) accumulation.
The check said it was becoming a powerful battle for newer Bitcoin Treasury companies as investors favored those who had previously adopted. “No one wants the 50th Treasury company,” Check said.
“I think we’re close to the ‘Show Me’ stage, which is more difficult for random Company X to maintain a premium and get off the ground without a serious niche.”
In the 30-day period to Friday, at least 21 creatures were added to Bitcoin as an asset reserve, According to In the data of bitcointreasuries. Bitcoin’s largest public treasury, Michael Saylor’s (MSTR) strategy, holds 597,325 BTC, while the second largest, Mara holdings, hold 50,000 BTC-approximately one-flexion.
Check out Bitcoin Treasury Companies say that attracting retail speculators – but they warn that they are not “with endless money.”
Check to admit that it is difficult to put a time limit on falling for newer companies, as he is “bullish” at the price of Bitcoin, trading at $ 107,990 at the time of publication, approximately 3.70% from $ 111,970 all the time, According to In CoinMarketCap data.
“This is a spectrum,” he said, explaining that, for example, the approach had a more path than the 300th Bitcoin Treasury Company entered the market.
Check what he said he agreed with Taproot Wizards co-founder Udi Wizardheimer’s see That some companies use a Bitcoin treasury approach as a way to make a quick income, without a full understanding of its long-term purpose.
“Poor ones” can be obtained by larger bitcoin players
“Many people who are raising only find easy money and have no idea what they are doing,” Wizardheimer’s Wizardheimer said.
“I think it will take them some time to find out,” he said, and added:
“Poor ones can be obtained with a discount of the strong, and the trend can still have a few more legs in it.”
Recently, many doubts have appeared in companies that adopted a Bitcoin treasury approach.
Venture Capital Firm Breed argued on June 29 Report that Bitcoin’s Treasury is small Companies will stand to the test of time and prevent the vicious “spiral death” that will affect BTC holding companies that trade near the net asset (NAV) value.
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On June 11, Fakhul Miah, Managing Director of institutional gominingCointelegraph told her what she knew most was “the copycats.”
“There are now other companies trying to create Bitcoin banks without proper care or risk management. If these smaller companies crash, we will find a Ripple effect that hurts Bitcoin’s image,” Miah said.
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