These other companies that have followed Michael Saylor's strategy that are also beginning to buy bitcoin to hold in their treasury to cause a pump on their company's stock, what does everyone speculate on this? Will this create another overinflated bubble that will pop and cause bitcoin to dump similar to the bubble pops before?
There is a hedgefund manager who has lost money from his hedgefund's investments who is presently creating a treasury company. I am very much aware that this is for an altcoin, however, this can also be created for bitcoin and the argument is similar.
It seems unbelievable that you have been a member of this forum for so long. There would be a bubble if bitcoin were worthless. You think bitcoin is worthless? On the other hand you don't seem to understand how bitcoin treasury companies work.
I am also very surprised with bbc.reporter for this kind of topic. I read this link but I do not know how it is even related to bitcoin and what he is talking about. I mean this in total and the link:
Joe McCann, the founder and CEO of crypto hedge fund Asymmetric Financial, is set to become the CEO of a new Solana (SOL) crypto treasury company called Accelerate according to pitch documents seen by Unchained.
The firm intends to go public via a SPAC with the blank check vehicle Gores X Holding.
For McCann, news of this new venture comes at an awkward time, as he has been the talk of the crypto industry over the last day because of reports that Asymmetric’s liquid fund is down 80% so far this year. The broader crypto market is up by almost $600 billion year to date and bitcoin itself set an all-time high above $123,000 last week. Read in full https://unchainedcrypto.com/new-solana-treasury-company-raising-1-5-billion-to-be-led-by-joe-mccann/
What I know is that bitcoin is not a bubble at all, it is an asset and it is the way performing asset since 16 years ago.