Nostr Web Client

Bitcoin treasury companies shouldn’t exist

What should exist are companies that hold a certain amount of reserve or profits in Bitcoin rather than cash.

But do something. Build something. Not just “we exist to buy bitcoin by printing shares and selling retail a premium.”

The only “advantage” it has is relying on entities that are not allowed to buy and hold bitcoin directly (but those regs are already loosening big time), or those interested in its debt. Again, fiat gains. Short term…long term there’s no game here. It’ll be retail fomo at best.

Reply to this note

Please Login to reply.

Discussion

Guy Swann 7mo ago

There’s no way to skip this stage though. They are taking advantage of the misprinted debt in the fiat economy. There is a MASSIVE arbitrage opportunity and the only way to kill it and bring genuine prices back to the economy IS to arbitrage it.

There’s no way around it, for better or worse. But I think for better, simply because misprinted toxic debt is the greatest problem in the world right now, and this kills it and shifts resources into #Bitcoin to do so.

Trey Walsh 7mo ago

Good argument and I agree on this transition period!

I think I’m worried…but hey they should DTOR, at how many in retail ape into these companies/instruments, and don’t stack bitcoin And experience horrible trades.

Christopher Marshall 7mo ago

What would this world be without arithmetic, but a scene of horror?

Guy Swann 7mo ago

It’s supposed to say “mispriced” but autocorrect is an asshole. I guess misprinted isn’t totally off the mark 🤣

Chad Lupkes 7mo ago

I've been thinking about this for awhile, and I realized something. If capital is considered a resource, and we use wealth based systems and metrics to manage it, it really doesn't matter how much is locked in cold wallets. We will simply transact with what we have, and the economic system will adjust dynamically.

Example, there is an estimate that the core of the Earth contains ~9.65 × 10^18 kg (or ~9.65 quintillion kg) of Platinum Group Metals. We currently extract around 70,000 kg annually. We know the rest is down there, we just use what we can get.

So, while it would be better for the velocity of money to have it all circulating, it doesn't really matter.

Zaikaboy 7mo ago

Fiat minded entities (yes that's Saylor) will always play their system. Hopefully enough plebs will resist the attempt the billionaire and CEO types are casting. "Buy my shares" seems tempting on a pension fund. Realistically it's a possible weakness. What do we say about 3rd parties?

Ultimately #Bitcoin doesn't give a fuck. Tick tock blah blah. Save in btc, spend and replace and opt out from their nonsense.

Not long now, the bear market will be fun this time around.

https://video.nostr.build/1adcf084043aed9558cb6a4b9fe1470c672424b9c99aa0cc2891d002dd8a6520.mp4