In brief
- Bitcoin is unique among digital assets for corporate treasuries, one analyst argued.
- Some altcoins are “consumptive,” meaning they are designed to be removed from circulation when used, said, Greg Cipolaro, global head of research at NYDIG.
- At the same time, their associated networks’ need for adoption may also pose risk, he added.
A growing number of public firms are stockpiling cryptocurrency, but beware those riffing on the Bitcoin treasury trend by tapping alternatives that have yet to gain sufficient adoption, warned one analyst.
As more companies put their own twist on Strategy’s playbook—abandoning traditional metrics to grow the amount of crypto they own per share, they must remember that other tokens have different…