According to the expert, companies that copy the Strategy strategy that began to buy bitcoins at the expense of joint -stock capital and loans. It will become more difficult to attract funding. Investors will give preference to earlier strategy followers, the Glassnode specialist is sure.
“We are not talking about competition, who has more. It is about how serious and stable your product and strategy is to maintain accumulations. I believe that only a few companies will be able to implement this strategy for a long time to survive the cryptosima, ”said James Chek.
The market goes to the stage, when organizations need to “show the result”, it will be increasingly difficult for random players to hold premium status without a clear strategy and resources, the expert is sure. The check noticed that the flow of funds in debt paper or shares of companies with BTC reservations is mainly provided by retail investors, whose money is “not endless”.
The analyst did not name the specific terms of the collapse of the Bitcoin-west companies, citing optimistic expectations of bitcoin price growth in the medium term.
Earlier, Glassnode reported that at the end of June 96.7% of bitcoins brought profit to their owners, which indicates cautious market optimism and at the same time a high risk of asset’s volatility.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
