Crypto treasury companies are a potential “time bomb” – The Armchair Trader
The romance between Bitcoin and corporate balance sheets is deepening. But, as with all romances, there are whispers of danger.
A new poll from London-based Nickel Digital Asset Management suggests that while listed companies buying up Bitcoin might look like a bold bet on the future, the practice could just as easily turn into a structural fault line in the digital asset market.
Nickel — Europe’s largest digital assets hedge fund, founded by former Goldman Sachs and JPMorgan hands — canvassed senior investment professionals across the UK, US, Switzerland and Singapore. Nearly one in three respondents (32 per cent) described the rise of so-called “Bitcoin treasury companies” as a time bomb for the digital ecosystem.
Another…
