Standard Chartered Dey Warn Public Companies About Bitcoin Treasury Risks as Corporate Holdings Dey Soar
Standard Chartered don talk say di number of public companies wey dey hold Bitcoin for their treasury don increase well-well, with total corporate holdings nearly reach 100,000 BTC. Di rise for institutional demand don help push di recent Bitcoin price rallies. But di bank talk say most new corporate buyers buy Bitcoin for high price, so dem fit loss if Bitcoin fall below important price levels. Standard Chartered estimate say if e drop below $90,000, e fit make half of these companies face unrealized losses, wey fit make dem sell quick-quick, make market fall more. Di bank still talk say plenty of these new buyers no too get experience for sharp market drops like old players like MicroStrategy, plus di option for spot Bitcoin ETFs fit reduce market strength. Di report also show say companies get more risk like higher financial volatility, changing regulatory checks, and complicated accounting wey relate to holding Bitcoin for balance sheet. Traders suppose dey watch corporate flows well-well because big liquidation fit affect Bitcoin price and market stability sharply.
Bearish
Beta beta no get am for companies wey dey hold Bitcoin don help recent price rally dem, but Standard Chartered warning show plenty bearish tins. Plenti new corporate investors buy BTC for high price dem no sabi how heavy crash dey feel; if price drop under $90,000, e fit cause big unrealized loss and forced sell-off, wey go make market go worse. Extra risk dey like regulatory wahala and complex accounting, wey fit make companies sell their holdings quick when pressure dey. All these tins mean say price dey likely to drop and market fit scatter, specially if companies begin sell yawa yawa. So, overall market matter from these tins dey bearish for short time and maybe medium term too.