Samson Mow, CEO of JAN3, has expressed concerns regarding the sustainability of various bitcoin treasury companies led by lesser-known CEOs who may lack a deep understanding of bitcoin.
Samson Mow Warns Bitcoin Treasury Companies May 'Fold' in a Drawdown
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In a recent social media post, Mow stated that these companies are likely to “fold” during significant market downturns, highlighting the fragility of their operations. He emphasized that while many currently exhibit strong conviction in Bitcoin due to its popularity, true resilience will be tested when interest wanes. Mow’s comments reflect broader apprehensions about the long-term viability of various businesses entering the cryptocurrency space that may not be adequately prepared for market fluctuations.
