Some folks speculate that Ethereum has addressed this matter by having some inside connections with various governments and/or financial institutions, yet upon real reflection, it seems crazy that anyone would consider that the inside connections are going to resolve the issues, because the end game ends up resulting in questions regarding who are the insiders that are controlling the supply and/or the issuance of the secret coins and therefore able to benefit from the insider connection and screw up the remainders. More or less it is the scheme of the current system, and difficult to imagine any way that is is not going to turn out badly... even if it could take a while and get some temporary propping ups (or additional propping ups from whatever current behind the scene proppenings are happening).
I recently saw a lot of bullishness on Eth treasuries, based on the assumpion they ccan easily trade at 7x NAV.
I am not buying that: I don't like Strategy trading 3 times the NAV, i cannot think about a shitcoin treasury trrading 7x NAV.
I stronlgy discourage investing in such a vehicle.
The higher the multiplier, the Higher the reason one should run from it.
They are hyping it to create FOMO
We know, they know it's not viable. An opportunity to cheat investors
Sharplink the spearhead of the movement plans on staking their holdings which can generate some wealth
But I believe they are reliant on Bitcoin pushing.
They have no reason but to bet on Bitcoin.
Bitmine is currently experiencing surge being the new entrant.
The summary of what I'm saying is
"It won't end well ". I consider bitcoin treasury risky imagine one reliant on a shaky foundation (Ethereum).