The Rise Of Crypto Treasury Companies
Episode publishedPodcast: 1000X1000X
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We're gonna see billions and billions and billions of selling from these companies if Bitcoin goes down too much. So there's, like the the market is now very fragile again. We're not standing on a of cards. That's not what I'm saying. I think the market is a lot healthier today than it was in 2021. But if we let these guys get too big without bopping them on the head and saying, stop what you're fucking doing, we might up on a house of cards equation again.
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Welcome back to another thousand x podcast. We've went through a pretty exciting week, Jonah. Yes.
We did. Little
bit of what's what's funny is it was it was an exciting week, but Bitcoin price reasonably unchanged. Even though we had a little bit of a dip, we had a bit of a scare. The, the entire market was talking about that galaxy Bitcoin that was being sold and flipping out because of it. But it looks like kind of now it was a non event. And, Jonah, you you worked on an OTC desk for a while. When you first saw the news come out, were you worried about it? Like, what No. What what was what was going through your head as a former OTC desk guy?
Yeah. I mean, I I ran an OTC desk in crypto and in oil too. It's, you know, I I guess I spent about half my career in the OTC world and half, on the buy side. And I would say, generally speaking, I was not worried. You know, I think that, was it, 80,000 BTC? So
it was a lot of Bitcoin. I think that was the the headline number was $8.08 to 9,000,000,000. Yeah. So no
Bitcoin. So I'm just notional That's
that's scary. Right?
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