#Novogratz
Mike Novogratz warns that crypto treasury mania may have peaked: while early adopters like MicroStrategy have dominated, new entrants face crowded competition. Still, demand for treasury-driven exposure hasn’t gone away. The question: saturation or sustainable model? Market momentum is bullish for now, but complacency could tip the balance.
Signal: Cautiously bearish for new treasury strategies.
TIP: Evaluate treasury projects individually—not by trend alone.
