The idea that companies and institutions do not make the same investment mistakes that individuals are quite widespread in the general imaginary. For something they call it Intelligent money (Smart Money). What would it be like otherwise? If they pay six -digit salaries to their analysts and researchers to tell them the best place to place their money. However, it seems that, in the Bitcoin industry, this is not so true.
Understanding Bitcoin has proven to be very difficult for the majority of the population, regardless of their degree of instruction. It is not something reproachable, while it is a radical paradigm shift. You have to stop seeing the world from Fíat lenses, but these already seem cemented on people’s face.
It should be remembered to Saifeadean Ammous and his thesis that the culture of the time is Fíat: a devalued and devaluing culture, of the immediate satisfaction of wishes, easy dopamine and the mortgage of the future in pursuit of the present. But, in more practical terms, A culture accustomed to appraising everything in dollars. And one of the key aspects of paradigm shift goes through start measuring everything between 21 millionthat is, using Bitcoin as a measurement instrument.
It is because of this difficulty that falls into “crypt” or altcoins. This fall is so common that it is already part of the path of the Bitcoiner hero. When you start giving Bitcoin the opportunity after overcoming the negation stage, Suddenly Shitcoiners mirages confuse you and end up diverting you. This, we are seeing, It is also going on to corporate treasury.
After a series of success cases in the adoption of Bitcoin by several companies, a tendency to want to be smarter than the intelligent, only with a perspective of greater profits in Fíat begins to emerge. Already two companies, Sharplink and BTCS, announced the collection of capital for their treasury in Ethereum, while Vivopower raises to buy the cryptocurrency of Ripple, XRP.
We could see this as A reissue of the Altseason, but institutional. In an upward cycle that has been mostly dominated by institutions and companies and not by retail investors, many have fouled the arrival of the Altcoins rise. It seems that these three companies still trust the promised land Altcoiner.
Historically, the Altseasons have been characterized that retail and rookie investors, after obtaining certain profits for the rise of Bitcoin, let their greed take them to sell the most scarce asset in the world in exchange for the action of a crypto -enterprise (or simply a meaningless memecoin) in the hope that their price will be triggered and offers greater profits in Fíat.
As we said at the beginning, it is based on the problem of having adhered to the eyes the lenses of the Fíat world. Yes, ETH and XRP have grown with respect to an inflationary dollar that loses value every day. But what happens if we compare it with Bitcoin?
Having these graphics fresh and with a market magnifying glass, the distance that both assets mark between their historical maximums in BTC and the present might seem sufficient argument to opt for choosing Bitcoin, even from a Fíat perspective. But that continues to lose sight of the background argument.
As we established that it was a mistake to buy Altcoins in the strategic reserves of the United States, we also believe that it is a mistake to buy them for corporate treasures, for similar reasons, but not in the same degree. Although, more than error, we consider him a ride.
In the case of strategic reserves, buying Altcoins would be equivalent to the State buying shares of companies with public money, which can be seen as a market intervention. As Bitcoin is a commodity, the same does not happen (to deepen the subject, please read the editorial).
A company can do what you want with your money, within the framework of the law. If the law allows you to buy shares of other companies with money from your investors, then do so. Investors will already tell you that they think of it through the purchase or sale of their shares.
However, wanting to buy Altcoins emulating Strategy’s strategy, loses sight of the entire conceptual base that motivates these purchases.
Bitcoin is not only the most scarce asset in the world. It is the most neutral. It is the most predictable. Bitcoin is a counterweight against political arbitrariness. When companies adopt the Playbook From Strategy, they do not only because they have seen that it stimulates a virtuous circle of demand for their actions, but, at the same time that the value of their actions rises, They are accumulating a piece of the future of moneyof which they can be full because the risk of counterpart is minimized.
And we reiterate on ETH and XRP, can the same thing about the always changing Ethereum be said, which, even if it is considered a merchandise, the constant innovations promoted by its leader have led him to facilitate more hackeos than in any other network? Of XRP there is no need to speak, being publicly the bastard currency of a company.
We have no doubt that corporate treasury with Altcoins are only looking to capture the attention of unsuspect Big Thing To make your earnings in dollars. But as the previous graphics demonstrate, that is only The mype Fíat mentality.
