Joachim Book

Joachim Book, a Bitcoin analyst and editor of 'Bitcoin Age', joins to discuss the precarious state of Bitcoin treasury companies. He explains how Strategy's unique financial structure keeps it resilient against pressures that are crumbling competitors. Book touches on MNAV concerns, the flaws of heavy leverage, and why forced selling risks aren't as threatening for Strategy. The discussion also highlights Tether's market influence and the likely decline of the current treasury boom, predicting many firms may not survive.