Reported 1 day ago
Enthusiasm for Michael Saylor's approach to Bitcoin investing and the companies trying to mimic his model is waning, as many of their stock prices have plummeted recently. While Saylor's own company has shown significant long-term growth, several imitators from various sectors, like Metaplanet and Kindly MD, have faced steep declines, raising concerns about the sustainability of this trend. Analysts suggest that with too many companies pursuing similar strategies and investor demand becoming finite, the Bitcoin treasury space may soon experience heightened scrutiny and potential unrest among shareholders if performance does not improve.
Source: YAHOO