econ

A Gold Treasury Company? Yes, Yes Of Course (Bloomberg, Matt Levine)

denlillaapan

This is wild. The fact that a reverse-merger medical tech–turned–“tokenized RWA” company can pump its market cap just by buying gold — and not even crypto — shows how ridiculous and fragile the narrative premium has become. It’s not about conviction or long-term strategy anymore, it's just vibes and headlines.

Saylor got in early, sure, but let’s not pretend every company following suit is building the future of finance. Some are just chasing premium hopium. The fact that gold — not Bitcoin — is getting the same treatment? Proof that this isn’t a Bitcoin thesis… it’s a “number go up” thesis.

Modern finance really is a marble. Can’t wait for the fiat illusion to crack.