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Many Crypto Treasury Companies Were a Get-Rich-Quick Trap, Warns Columbia Professor


by Chayanika Deka
for CryptoPotato
Many Crypto Treasury Companies Were a Get-Rich-Quick Trap, Warns Columbia Professor

Columbia Business School professor Omid Malekan said that any analysis of why crypto prices continue to fall needs to include Digital Asset Treasuries (DATs), because in aggregate, they turned out to be a mass extraction and exit event, which is a reason for prices to go down.

He said there are a few exceptions, but he added that he can count them on one hand. Meanwhile, “dozens upon dozens” were launched in a fashion likely to cause value destruction for crypto assets. He argued that, based on his interactions, many of the people launching DATs viewed the model as a get-rich-quick scheme.

Read the article at CryptoPotato

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Bitcoin sentiment sours as analysts warn of deeply bearish conditions

Bitcoin sentiment sours as analysts warn of deeply bearish conditions

CryptoQuant reported that Bitcoin is now entering an extremely bearish phase, with it...
Cathie Wood, Founder and CEO of ARK Invest, Updated Her 2030 Price Target for Bitcoin! Here Are the Details

Cathie Wood, Founder and CEO of ARK Invest, Updated Her 2030 Price Target for Bitcoin! Here Are the Details

Cathie Wood, founder and CEO of ARK Invest, announced that she has lowered her 2030 p...

Many Crypto Treasury Companies Were a Get-Rich-Quick Trap, Warns Columbia Professor


by Chayanika Deka
for CryptoPotato
Many Crypto Treasury Companies Were a Get-Rich-Quick Trap, Warns Columbia Professor

Columbia Business School professor Omid Malekan said that any analysis of why crypto prices continue to fall needs to include Digital Asset Treasuries (DATs), because in aggregate, they turned out to be a mass extraction and exit event, which is a reason for prices to go down.

He said there are a few exceptions, but he added that he can count them on one hand. Meanwhile, “dozens upon dozens” were launched in a fashion likely to cause value destruction for crypto assets. He argued that, based on his interactions, many of the people launching DATs viewed the model as a get-rich-quick scheme.

Read the article at CryptoPotato

Read More

Bitcoin sentiment sours as analysts warn of deeply bearish conditions

Bitcoin sentiment sours as analysts warn of deeply bearish conditions

CryptoQuant reported that Bitcoin is now entering an extremely bearish phase, with it...
Cathie Wood, Founder and CEO of ARK Invest, Updated Her 2030 Price Target for Bitcoin! Here Are the Details

Cathie Wood, Founder and CEO of ARK Invest, Updated Her 2030 Price Target for Bitcoin! Here Are the Details

Cathie Wood, founder and CEO of ARK Invest, announced that she has lowered her 2030 p...