On June 15, David Bailey, president of Bitcoin Magazine, said that every time a company adds bitcoin to the corporate treasury, it will eliminate a traditional company that does not own bitcoin. In response, Adam Back, co-founder and CEO of Blocksteam, said that companies with a Bitcoin treasury strategy are eating away at the “lunch” of listed companies, and if you ignore the biggest arbitrage of the century, capital reallocation will leave you behind, which is really not an option.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bailey and Back: Companies that do not adopt Bitcoin treasury strategies may be eliminated.
On June 15, David Bailey, president of Bitcoin Magazine, said that every time a company adds bitcoin to the corporate treasury, it will eliminate a traditional company that does not own bitcoin. In response, Adam Back, co-founder and CEO of Blocksteam, said that companies with a Bitcoin treasury strategy are eating away at the “lunch” of listed companies, and if you ignore the biggest arbitrage of the century, capital reallocation will leave you behind, which is really not an option.