Experts noted that the wave of purchases of the first cryptocurrency began with the company Strategy, which turned into the “Treasury of Bitcoins.” At the same time, most corporate treasures consider the cryptocurrency unsuitable for calculations and payments.
According to analysts, the current situation resembles the excitement schemes of previous years associated with inconsistent tokens (NFT) and the primary placement of coins (ICO). The only difference is that now public companies are involved, creating significant risks of forced sales when falling prices. Many major players, such as Microsoft, still refuse to add bitcoin to their balances, emphasized in Bloomberg.
Experts believe that weak and zakredi companies that succumbed to “bitcoin fever” can bring down the cryptocurrency market if mass liquidation begins due to the fall in the price of the asset. In their opinion, the introduction of crypto companies into traditional finances through banking licenses only enhances the risks of destabilization.
Earlier, the founder of Cardano Charles Hoskinson said that the industry has turned into a “zero market market”, where another player should suffer for the success of one player – the success of Bitcoin may depend on the failure of the Ethereum, and vice versa.
Source: Bits
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