A crypto analyst warns that the Bitcoin treasury strategy may not last as long as many anticipate. James Check, lead analyst at Glassnode, expressed concerns in a recent X post, suggesting that for new entrants, the opportunity might already be fading. He emphasized that the focus should be on the sustainability of a company's product and strategy rather than merely competing for market share. New Bitcoin treasury firms face challenges as investors prefer established players, with Check noting that no one is interested in the 50th treasury company. In the past month, 21 entities have added Bitcoin to their reserves, with Michael Saylor’s MSTR holding the largest amount at 597,325 BTC. Check acknowledged that while retail speculators are drawn to startups, they lack unlimited funds. He remains optimistic about Bitcoin's price, currently at $107,990, but cautions that many companies are pursuing quick profits without understanding the long-term implications. Concerns about copycat firms lacking proper risk management could harm Bitcoin's reputation. Read more AI-generated news on: https://app.chaingpt.org/news

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