๐ฅ Adam Back: Itโs time to move capital from altcoins to Bitcoin โ the new altseason is here! ๐
Blockstream CEO Adam Back stated that we are on the verge of a new altseason, but this is not the classic altcoin season โ itโs the season of Bitcoin treasuries. Companies are increasingly investing in Bitcoin or shares of firms holding it on their balance sheets.
Big businesses, even those unrelated to crypto (such as Vanadi Coffee or MedTech company Semler Scientific), are copying MicroStrategyโs strategy by actively buying Bitcoin for their treasuries.
Why is this important?
Bitcoin is the most stable and popular crypto asset that protects capital from inflation.
What are the risks?
Mass accumulation can create a bubble that may lead to sharp market corrections.
What to do?
Move part of your portfolio into Bitcoin or shares of companies with Bitcoin treasuries, but donโt forget about diversification.
Are you ready to change your strategy according to the new trend? Write your thoughts in the comments! ๐