Bitcoin treasury companies are destined to fail. Despite what bag holders desperately want you to believe, bitcoin isn’t useful. As we’ve seen over the past few months. It’s not digital gold either.
ETH is a different play. From a pure treasury standpoint it’s a minimally better play due to the ability to stake reserves. However if Ethereum continues to become a more important piece of infrastructure as we move forward, treasury companies will become uniquely positioned to operate services with lower costs than late comers. If ETH is oil, and in the future oil quadruples in price, anyone who stockpiled it can run their oil-based business at 25% the cost of competitors.
courtesy_patroll on
Tell that to my 10% STRC divvy.
seblt on
that’s pretty bullish
coinfeeds-bot on
tldr; Peter Schiff criticized companies using Bitcoin or Ethereum as corporate treasury strategies, claiming they lack viable business models. He argued that such firms, like MicroStrategy, rely on speculative enthusiasm rather than sustainable revenue, leading to potential insolvency. Schiff warned of a broader market collapse driven by leveraged buyers and predicted most crypto assets will eventually lose value, with tokenized gold as the only sustainable blockchain application.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ecnecn on
Isnt that the guy who spams journalists with interview requests?
Misher7 on
Schiff has been flat out wrong on the price action of Bitcoin.
He’s 100% correct about what Bitcoin actually is and the shit that’s been erected around it.
Take that how you want
Impossible_Exit1864 on
Those are not businesses. So… what kind of viable business models do stones have?
cryptofuturebright on
FUD
XXsforEyes on
Well, if ole Petey says so…
uwot_m9 on
FUDing to get more discounts lol
Walla_Walla_26 on
Love how he gets loud from a small pullback
FnAardvark on
Peter Shiff says things so people will repeat them over and over and drive clicks and traffic to his social media.
Congratulations on helping him out.
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14 Kommentare
The worst person you know just made a good point…
What’s gold’s business model?
Bitcoin treasury companies are destined to fail. Despite what bag holders desperately want you to believe, bitcoin isn’t useful. As we’ve seen over the past few months. It’s not digital gold either.
ETH is a different play. From a pure treasury standpoint it’s a minimally better play due to the ability to stake reserves. However if Ethereum continues to become a more important piece of infrastructure as we move forward, treasury companies will become uniquely positioned to operate services with lower costs than late comers. If ETH is oil, and in the future oil quadruples in price, anyone who stockpiled it can run their oil-based business at 25% the cost of competitors.
Tell that to my 10% STRC divvy.
that’s pretty bullish
tldr; Peter Schiff criticized companies using Bitcoin or Ethereum as corporate treasury strategies, claiming they lack viable business models. He argued that such firms, like MicroStrategy, rely on speculative enthusiasm rather than sustainable revenue, leading to potential insolvency. Schiff warned of a broader market collapse driven by leveraged buyers and predicted most crypto assets will eventually lose value, with tokenized gold as the only sustainable blockchain application.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Isnt that the guy who spams journalists with interview requests?
Schiff has been flat out wrong on the price action of Bitcoin.
He’s 100% correct about what Bitcoin actually is and the shit that’s been erected around it.
Take that how you want
Those are not businesses. So… what kind of viable business models do stones have?
FUD
Well, if ole Petey says so…
FUDing to get more discounts lol
Love how he gets loud from a small pullback
Peter Shiff says things so people will repeat them over and over and drive clicks and traffic to his social media.
Congratulations on helping him out.