Will Bitcoin treasury companies behave like the altcoin frenzy of past cycles?
Dumb money piling in at the top, buying overvalued positions in things that aren’t real?
Discussion
The strong with a functional underlying structure will survive. The ones with piss poor models using this to become a one trick pony/one hit wonder will fall. Just like bitcoin vs altcoins. But hey, i can’t tell the future, lets see🧐⚡️⚡️
Very likely I agree
Not a bad bet at bottom of next bear for a long-term hold if they have decent leadership
Still highly speculative in my mind
Same circus, different clowns….except now the tent’s bigger and the clowns are drowning in their own delusion. When will these “treasury” folks learn that buying fairy dust at peak hype never made anyone rich, just broke and embarrassed
Probably.
Better to pile in at the bottom of you're going to take a gamble.
That's the plan
Interesting to see which one's make it to the "bottom"
Sure will create dot com bubble like boom and bust