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“Zombie companies that have no viability to exist can prepare for the future by having Bitcoin on their balance sheets. My message: Buy Bitcoin unless you see opportunities to spend that asset in a way that will outperform Bitcoin,” Cole said. “When companies own cash, they put it in short-term treasuries or spend it on stock buybacks or dividends … but Bitcoin has actually gone up in real purchasing power over the last few years.”
Yes indeed! This is how you go quadruple long Bitcoin. Why hold cash for long term reserves?
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Are a bunch of zombie/useless companies going to buy bitcoin and just use that to survive? Turn into a company like Microstrategy and become an exchange?
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Survival is the bare minimum every company must do.
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Isnt a company supposed to put out a product people actually want to buy? If you hold bitcoin, will the company want to spend it if it is doing so well as an investment? I feel they would probably suffer long term if they are just investing in bitcoin instead of their own company.
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10 sats \ 1 reply \ @k00b OP 8 Mar
Hard to do that if your company doesn't exist because you stored the fruits of your last innovation in fiat.
You can't deploy lots of capital well and fast. At least, it's harder than it looks.
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That is true. I guess the ceo and boards need to find a healthy balance.
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