All these treasury companies feel like a race to remove as much bitcoin from circulation, trying to make sure its used only for NgU instead od permissionless payments.
At least we will see how many billions(trillions?) stopping p2p cash is worth.
Discussion
When hyperinflation hits it won't matter who tries to stop it
And it still doesn't stop p2p payments.
Any supply of money will work for exchange, as long as its divisible, this isn't a realistic attack.
Practically speaking yes, but majority of people having bitcoin "exposure" through some random etf/stock and the treasury/investment narrative being pumped does take away at least some momentum and users from exchange use case and puts more bitcoin into the ultra kyc ultra regulated ultra cucked hands
How many of those companies show proof of reserves?