To all the people who think the treasury company thing isnβt going to become a massive bubbleβ¦
Watch this.
nostr:nevent1qqs9g3cx8cpewjq3j52sel3sfy7e50t0qhf7m35n0xy9t5k4vhjqjyq656wvr
β‘οΈποΈ WATCH - Cardano founder just announced plans to buy $100 million in #Bitcoin for their treasury.
https://blossom.primal.net/2618a546cd056267b7628da4274620e2b81629f09e21356667bd86971cf7a173.mp4
Discussion
LOL DoKwonomics in full swing, steady lads, deploying capital π π π π
Yes, but it will also become the standard. Degens are NGMI.
Hilarious π
The guy has been shitting on Bitcoin for years. Every article you read about ADA is about it's PoS model being better for the environment than dirty emission emitter Bitcoin.
Quite possibly this ends in a pop.. Though I do think the market will just eat up the losers' coins much more easily now.
Natural selection.
It will. The whole think sounds like the 'contango' thesis. It works until it doesn't.
I do wonder how he raises the funds to buy though. Sell ADA perhaps?
Yep, sell ADA lol.
Thanks for sharing this with us Fren π
This bear market will be worse than the last. Souls will be lost
I'm sure all of the altcoin creators have been using their exit liquidity to stack bitcoin, so their companies might as well too.
Yep. The thing is though weβre still in the early days of this bubble
IDK - big difference btw a company or failing shitcoin foundation taking their melting hodlings and buying corn versus borrowing to buy, correct? Buying corn with the assests you hold currently cant *blow-up*; plus borrowing fiat USD to buy corn is a speculative attack against the USD - forces FED to increase rates to match BTC gains to *stop the attack*
But what about when it applies to almost everything. Is everything in a bubble or nothing hahaha.
You know what? π€ maybe the dollar is 5 years undervalued right now π€£
friggin shitcoiners gonna ruin it like always
Steve Jobs impersonator strikes again
Oh I hate this guy π€£
Hes essentially saying that bitcoin is a better "crypto" than cardano
the ETH Foundation could announce the funniest thing
This clown is strong with the four stages of grief.
80% drawdown incoming.
Douchebag
Itβs all so tiresome
facts.
they dump shit coins on unassuming poor saps and use that money to buy Bitcoin.
How do you think the bubble will blow ?
printing Dollars > printing your own shitcoin