Some are called “Infinite Money Machines”, and “a time bomb” by others. Welcome to the world of Bitcoin cash companies, listed companies that rewrite business financing rules by converting capital into Bitcoin.
These companies take advantage of the gains to increase their stock market course and use the momentum to buy even more Bitcoin (BTC). It is a cycle which, so far, has been extremely profitable.
At the heart of this movement is a strategy – formerly Microstrategy – which contains more than 590,000 BTC worth more than $ 60 billion. The company has become one of the most eminent Bitcoin business holders. And it is not alone. More than 130 companies have added cryptocurrency to their balance sheets, and the number continues to grow.
These companies follow the Pioneer Playbook by Michael Saylor: increase capital, buy bitcoin, look at the course of Action Climb, repeat. But behind the earnings is a risk of which few risks speak, a vulnerability that could shake up the entire ecosystem of cryptography if things turn to the south.
Among the investors and enthusiasts of Bitcoin, the questions go up on what is happening next. Is it the fuel behind the next Bitcoin bull race? Or are we considering a structural risk that could trigger the next crash?
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