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5 sats \ 2 replies \ @siggy47 OP 8 Aug \ parent \ on: A major historical bitcoin cycle that dictates its price might be breaking bitcoin
I don't pretend to be an expert. I can see the weaker "treasury" companies who really only bought bitcoin to shore up shitty balance sheets get flushed. I guess it depends on how many dominoes start falling.
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41 sats \ 1 reply \ @ladyluck 8 Aug
A lot of balance-sheet buyers were momentum hedges, not conviction. When the CFO needs liquidity, “digital gold” often becomes “available-for-sale
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0 sats \ 0 replies \ @siggy47 OP 8 Aug
Exactly what I'm thinking.
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