Bitcoin Treasury Firms Are This Cycle’s Bubble, Experts Warn

A growing chorus of Bitcoin commentators is raising the alarm over the recent boom in publicly traded companies adopting Bitcoin-centric treasury strategies. The debate ignited this week after pseudonymous investor Stack Hodler (@stackhodler) described the trend as a speculative mania disguised in corporate form, writing on X that “Bitcoin treasury companies are this cycle’s shitcoins. ” His argument: these companies are “creating shares out of thin air to sell to people hoping to outperform Bitcoin,” with little more than exposure to BTC as their core product. “It’s just TradFi shitcoinery,” he warned source: https://www.newsbtc.com/bitcoin-news/bitcoin-treasury-firms-are-this-cycles-bubble/