Brutkey

The glut of crypto treasury companies is continuing to draw concern [I86, 84]. Eric Benoist of the investment bank Natixis CIB told the Financial Times, “My main problem with this strategy is that I don’t really understand where it ends. The company is in a loop where it has to continually feed that loop with additional purchases, go back to the market to purchase more — this cycle has to continue to justify the premium.” Hmm, why is that description ringing a bell? And why is that bell a klaxon? Even crypto executives are getting uneasy. The FT quotes a crypto market maker CEO who told them, “You’re injecting a huge amount of risk into a system that, in the end, has almost nothing backing it except the continued appreciation of the asset.” Screenshot of I Think You Should Leave episode, where the focus group man states “Oh my God, he admit it!”
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The glut of crypto treasury companies is continuing to draw concern [I86, 84]. Eric Benoist of the investment bank Natixis CIB told the Financial Times, “My main problem with this strategy is that I don’t really understand where it ends. The company is in a loop where it has to continually feed that loop with additional purchases, go back to the market to purchase more — this cycle has to continue to justify the premium.” Hmm, why is that description ringing a bell? And why is that bell a klaxon? Even crypto executives are getting uneasy. The FT quotes a crypto market maker CEO who told them, “You’re injecting a huge amount of risk into a system that, in the end, has almost nothing backing it except the continued appreciation of the asset.” Screenshot of I Think You Should Leave episode, where the focus group man states “Oh my God, he admit it!”
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