If you thought companies buying Bitcoin as if itâs bottled water was bold, Forbes just confirmed your fears: this âtreasury madnessâ might signal the end of the current rally .
What Forbes really means:
âBitcoin Treasury Madness Signals The End Of The Current Rallyâ
Translation: When everyone is copying MicroStrategyâs game, itâs probably time to worry .
In other words, if 61 random firms and even new Bitcoin-treasury startups believe they can casually ride BTCâs gravy train into the sunset, alarm bells should be ringing louder than a hypebeast at a Saylor keynote.
Why it's hilarious (and terrifying):
Wannabe trillionaires: Flashy firms are loading up on $BTC just because MicroStrategyâs stock popped 3,000% since 2020 . Yolo moves often end one of two waysâmoon or meltdown.
Leveraged up to our eyeballs: They're not just buying Bitcoinâtheyâre borrowing to buy Bitcoin. If BTC dips below ~$90K, half of these treasuries could be toast .
Political crypto roll call: Even Trumpâs crypto clique is in on itâalong with digital asset stockpiles and presidential memos. Apparently, government Bitcoin is totally âstrategicâ now .
The inevitable outcome?
Unlike your average coin pump, this is corporate-level #FOMO âcomplete with balance sheets and CFO hair on fire. Analysts warn this feels eerily like peak mania . Remember, when amateur hour goes Wall Street, the liftoff can be wildâbut the crash can break the lawnmower.
TL;DR:
1. Everyone is turning into MicroStrategyâbecause piggybacking on someone elseâs moonshot strategy never ends well.
2. Half of those Bitcoin treasuries are one dip below $90K from looking like the next Blockbuster.
3. If governments and corporations are calling Bitcoin âstrategic,â maybe itâs time to hide behind some popcornâor run.
𧨠Final word:
When institutional suits start treating Bitcoin like cash in the back pocket, the partyâs almost always over. So, sit back, enjoy the drama, and maybe keep a bar of gold or two under your mattressâjust in case.