Is the corporate cryptocurrency hoarding craze hiding a SPAC-style crisis?
Wall Street's big short warns: The trend of companies incorporating Bitcoin into their treasury is echoing the script of the 2020 SPAC bubble.
At that time, SPACs inflated valuations due to low listing thresholds, ultimately leading to a collective crash as the market cooled;
Now, as companies follow the trend of hoarding cryptocurrency, they might be ignoring Bitcoin's high volatility and regulatory risks, creating an irrational premium.
If the macro economy shifts or a black swan event triggers a sell-off, concentrated reduction in corporate treasury holdings could trigger a chain reaction, severely impacting the stability of cryptocurrency prices.
Corporate hoarding of cryptocurrency is a milestone in institutionalization, but we must also be wary of the bubble tendency of "hoarding for the sake of hoarding." The value foundation of Bitcoin lies in its scarcity, not in short-term capital games. The market will eventually return to rationality!
Currently, the market is tumultuous, and those caught in the whirlpool without direction can come to me; I can help you break free and recover your losses with ease!
