RE: Buying Bitcoin As A Company Doesn't Make You Bullet Proof
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Corporations borrow money to buy bitcoin. Bitcoin price goes up and corporations have even more assets to secure loans with so they can buy even more bitcoin.
Sooner or later, the game will be up. But I think it is still early days yet with central banks not wanting to raise rates any time soon.
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Lol sounds like another merry go round and ignore the underlying fundamentals for a little longer! Sad thing is a lot of zombie companies are going to jump on this trend.
I guess it doesn’t really matter because eventually they go bust! I just don’t like this blind cheering of buying Bitcoin by any company like it’s all great, some of it is shit
Yeah, if a company's only plan is to buy BTC, that's a major red flag right there.
Judging by the way the IPO/SPAC market is going and the fact that there's really a shrinking customer base for a lot of companies this tactic could prove popular