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118 sats \ 0 replies \ @ek 7 Aug \ on: Bitcoin celebs now sell shitcoin treasury companies. bitcoin
Why? Are you against companies holding bitcoin, or are you only against companies using leverage to hold even more bitcoin?
I think every company should hold bitcoin in the long run. We just call them "bitcoin treasury companies" for now because them holding bitcoin receives the most attention. But they will have to do more than just hold bitcoin to stay relevant once it's no longer novel.
That assumes most of their value is in being a bitcoin treasury company, no?
If Apple bought bitcoin, and bitcoin went down 80%, do you think AAPL would also go down by a lot?
Or maybe "bitcoin treasury company" implies that most of their value is in being that, so we wouldn't call Apple a "bitcoin treasury company" even when they start holding bitcoin 🤔