A Crypto analyst says that the bitcoin treasury strategy may not have many expectations of longevity, warning that the easy -to -reverse may be behind the new companies entering the space.
“My instinct is a bitcoin treasury strategy, a lower lifetime compared to expectation,” Glassnode’s leading analyst James Czech Said In an X post on Friday.
“It can already finish” for new bitcoin treasury firms “
“For many new entrances, it can already be finished,” Czech said, saying that it is not “a measuring competition”, but how permanent the product and strategy of a company is when it comes to long -term bitcoin (BTC) accumulation.
Check said that this new bitcoin is becoming a difficult battle for treasury firms as investors favor beginners. “No 50th Treasury Company wants,” Czech said.
“I think we are already close to the ‘Show Me’ phase, where it would be difficult for a random company X to maintain premium and get off the ground without a serious niche.”
In 30 days till Friday, at least 21 institutions added bitcoin as a reserved property, According For Bitcointreasuries data. The largest public bitcoin Treasury, Michael Sirer’s Strategy (MSTR), is 597,325 BTC, while the second largest, Mara Holdings, 50,000 BTC-is one-twelfth.
Czech said that startup bitcoin treasury firms attract retail bookies – but warns that they have “no money.”
The check admitted that it is difficult for new firms to put a time limit on the recession, as it is “boom” at the price of bitcoin, which is trading at $ 107,990 at the time of publication, which is about 3.70% at $ 111,970 all-time high level, According For coinmarketcap data.
“This is a spectrum,” he said, explaining that, for example, the strategy has more runways than the 300th bitcoin Treasury company to enter the market.
Check said he agreed with Udi Vizardheimer, co-founder of Taperot Wizards Look Some companies are using bitcoin treasury strategy as a way to earn quick profit, without fully understanding their long -term objectives.
“Weak people” can be acquired by large bitcoin players
“Many people just see easy money and do not know what they are doing,” Vizardhaimer said.
“I think it will take them some time to find out,” he said,
“Weak people can be acquired at exemption by strong people, and there may still be some other legs in the trend.”
Recently, there have been several doubts over firms adopting bitcoin treasury strategy.
Venture Capital firm Breed argued in the June 29 report that only some bitcoin treasury companies would stand on time and avoid the vicious “Death Spiil”, which will affect BTC holding companies that trade near Net Asset Value (NAV).
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On 11 June, Fakhul Miah, managing director of Gomining Institution, said that the coinlagraph was the most concern to him. ,
Mia said, “Now other companies are trying to create bitcoin banks without proper safety measures or risk management. If these small firms crash, we can see a wave effect that damages the image of bitcoin,” Mia said.
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