#BTC120kVs125kToday

BTC 's recent rise is driven by speculation and subprime financing not genuine innovation or adoption , making the rally fragile and risky .

BTC ETFs have enabled wall street to dominate the assets , undermining it's promising of financial freedom and direct ownership .

The current market resembes a subprime era for digital assets , with financial engineering and overleveraged speculations reminiscent of past financial crisis .

Retail investors are fueling a historic buying spree ,but could end badly as market vulnerability and global economic risks mount .

BTC enters its subprime era not only has BTC been taken over by wall street , but it's arrival has now shared in the digital assets subprime era . the housing crisis in 2007 showed the likely end goal of tangible assets that are owned and leveraged by hedge funds and investment banks .

as large ETFs providers and investment managers enter the industry ,sophisticated financial engineering in BTC has begun .

short selling hedge fund Guvu Jim Chanos has been vocally critical of stategy ,(MSTR) stock founder , Michael Saylor , for his current balance sheet maneuvers . talking on a Bloomberg podcast Chanos talked of the risk in the company's valuations and the fact that investors are happy to pay for shares that cost almost double the asset value of the company's BTC holders .$BTC