iris
Post by Guy Swann
Trey Walsh
Bitcoin treasury companies shouldn’t exist What should exist are companies that hold a certain amount of reserve or profits in Bitcoin rather than cash. But do something. Build something. Not just “we exist to buy bitcoin by printing shares and selling retail a premium.” The only “advantage” it has is relying on entities that are not allowed to buy and hold bitcoin directly (but those regs are already loosening big time), or those interested in its debt. Again, fiat gains. Short term…long term there’s no game here. It’ll be retail fomo at best.
Guy Swann
There’s no way to skip this stage though. They are taking advantage of the misprinted debt in the fiat economy. There is a MASSIVE arbitrage opportunity and the only way to kill it and bring genuine prices back to the economy IS to arbitrage it. There’s no way around it, for better or worse. But I think for better, simply because misprinted toxic debt is the greatest problem in the world right now, and this kills it and shifts resources into #Bitcoin to do so.
Guy Swann
It’s supposed to say “mispriced” but autocorrect is an asshole. I guess misprinted isn’t totally off the mark 🤣
Trey Walsh
Good argument and I agree on this transition period! I think I’m worried…but hey they should DTOR, at how many in retail ape into these companies/instruments, and don’t stack bitcoin And experience horrible trades.
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Christopher Marshall
What would this world be without arithmetic, but a scene of horror?