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MicroStrategy's average is currently ~$72k: https://x.com/saylor/status/1947266086627360854 https://x.com/saylor/status/1947266086627360854 There are a now a n
by scrlk 1y ago
MicroStrategy's average is currently ~$72k: https://x.com/saylor/status/1947266086627360854 https://x.com/saylor/status/1947266086627360854
There are a now a number of companies attempting to run the same crypto treasury strategy with BTC and alts. I suspect the next FTX style blowout might be caused by these treasury companies.
- simonebrunozzi 1y agoWithout any need to be a bull or a bear, but just observing and thinking: I'd say that if more companies try to become BTC treasuries, it is going to push the price of BTC up, way up. What do you think?
- scrlk 1y agoYes, it's simple supply and demand dynamics at work. FWIW, I think the treasury companies bear a resemblance to the 'ponzinomics' of Olympus DAO and its forks in the last crypto cycle. They ran to tens of billions in market cap before going to zero. This is the first cycle where TradFi is getting properly involved, so no idea how high we go across BTC and the rest of crypto.