Interesting perspective coming from Bitcoiners who think #Bitcoin treasury companies are totally finite and this whole phenomenon is a big bubble that will bust and go away.

"#Bitcoin will be adopted by people, but not by THOSE people - the smartest people running corporations."

Every company will be a #Bitcoin treasury company because they will have no choice.

Yes, the market will price them at different valuations due to execution, operational drag, cash flows, etc.

#Bitcoin on the balance sheet isn't going anywhere.