bitcoin treasury companies are so obviously going to be the thing that causes the next crash

it’s not “institutionalization” to fill the balance sheets of zombie companies with levered btc

it’s not a “speculative attack” to fill companies under the absolute authority of the state with a state-adversarial asset

it’s not a “strategic reserve” if it is based on an executive order championed by one party and its oligarchs

this entire meta is extremely fragile and ripe for collapse enjoy your sunday