Shouldn't old companies with outdated models die instead of becoming Bitcoin HODLers?
Discussion
Last ditch effort
Becoming HODLers is moving away from an outdated model, is it not?
💯🎯
We got bear markets for that.
If they do not meet the needs of others, they will fail. They want to ensure their company moves a ways forward into the future and they think holding the best asset as a way to do that. Maybe it will work, for a time... they will be holding the best asset, but they will only ever be able to sell it direct, or use it to fund future ventures in which they will be trying to meet consumer demands. Holding an asset does not itself solve the needs of others.
The may use the advantage to pivot.
They should, yes, and I think still will, in the long run. For the majority of the companies that are unprofitable, moving the treasury to BTC will allow them to continue to operate at a loss for a longer time. Maybe they can reinvent themselves and become profitable again. But if they don't, they'll die, eventually.
The CEO actually looks pretty decent, maybe they'll use the time and money to pivot.
GME? Who we talking about.
Nonetheless, I applaud the efforts of these companies as a last-ditch resort to try to remain alive longer. And obviously any profitable company adopting BTC as their treasury asset is gonna succeed big time.
They should be entered into a death loto where old corps get to wind up their assets after a fruitfull lofe and return to yhe pepple
Everyone is welcome to enter the ring and see 🙈 if they have some fight left for the future
Yes, unless they have a lot of cash or other assets to fund the buy. It's weird, but probably just a side effect of the screwed up fiat system (especially when they use cheap debt). I expect weird things to happen during the transition.
Yesss adopt or die
They did die, this is the afterlife.