2025 TOP $BTC CORPORATE HOLDINGS.
It would take almost a "leap of faith" to HOLD once their bonds reach maturity... If they had to sell (exit positions for profit taking or forcefully) who would take over?
There is a posibility that if the contagion of the BTC MANIA intensifies and reaches top officers worldwide, governments -due to FOMO- will abuse of their autority and through monetary policies, buy BTC on credit (issuing DEBT) which will lead to rampant inflation.
This reasoning might validate the argument of BTC being a hedge against inflation. However, giving the fact that people is rushing to buy BTC indiscriminately, and irrespective to price/liquidity, their actions might be cancelling out the benefits of Bitcoin as a STORE OF VALUE.
The problem is not the asset itself, is the nature of the majority of people who trade it. Opportunists are found everywhere. In this case BTC is indeed promising, but if everyone wants to profit from trading, who will take the other side of the trade when the holders become sellers?
It is not a matter of FAITH in DeFi. MARKET HEALTH and PRICES matter more.