Can Bitcoin treasury companies keep up with Strategy?
👀 Is owning Bitcoin alone not enough to keep up with Strategy?
Saifedean Ammous believes Strategy’s size and cash reserves give it an edge over its competitors among Bitcoin treasury companies. In his view, these companies may find it difficult to keep up.
• Size and cash reserves are at the heart of the comparison.
• This is an assessment by the author of “The Bitcoin Standard,” not a settled outcome of the competition.
💧 Impact on the market and liquidity:
My reading is that the strength of cash reserves could become a more important benchmark when evaluating this sector; however, this view alone does not prove that liquidity is shifting toward Strategy.
🎯 Most affected: Bitcoin treasury companies, Strategy.
Do you think cash reserves will decide the competition among Bitcoin treasury companies? 👇
$BTC #Bitcoin #Crypto
👀 Is owning Bitcoin alone not enough to keep up with Strategy?
Saifedean Ammous believes Strategy’s size and cash reserves give it an edge over its competitors among Bitcoin treasury companies. In his view, these companies may find it difficult to keep up.
• Size and cash reserves are at the heart of the comparison.
• This is an assessment by the author of “The Bitcoin Standard,” not a settled outcome of the competition.
💧 Impact on the market and liquidity:
My reading is that the strength of cash reserves could become a more important benchmark when evaluating this sector; however, this view alone does not prove that liquidity is shifting toward Strategy.
🎯 Most affected: Bitcoin treasury companies, Strategy.
Do you think cash reserves will decide the competition among Bitcoin treasury companies? 👇
$BTC #Bitcoin #Crypto