Hex Trust Dey Warn Leverage Risk for Bitcoin Treasury Firms
Hex Trust CEO Alessio Quaglini dey warn say leverage Bitcoin treasury firms fit make market wahala worse. E dey mark difference between real corporate adoption and financial engineering. Too much leverage fit cause forced selling, like the $1 billion liquidation wey Galaxy show before. Korean regulators don already freeze new lending product dem to reduce risk. Quaglini see these digital asset treasury firms as bridge to mass adoption. E believe say true market maturity go happen when big companies like Apple and Google start put their operating cash inside Bitcoin. Meanwhile, Bitcoin dey trade pass $109K, and Ether dey steady around $4,300 after recent high records. Gold sef dey near four-month peak as dem dey bet say Fed go cut rates. Traders suppose watch leverage metrics for Bitcoin treasury firms plus on-chain signals to sabi wetin fit happen for market volatility.
Bearish
Hex Trust CEO warnin show say too much leverage for Bitcoin treasury companies fit cause forced sell-off plus increase market wahala. Similar wahala like di 2022 liquidation wave wey happen because of too much borrowing from lending platforms show how debt-buying Bitcoin fit put market for strain. For short term, traders fit dey careful, reduce their holdings for treasury linked products and ETFs, wey fit make Bitcoin price fall. But for long term, if big companies truly start dey store cash reserves for Bitcoin, dat one be good sign. Still, until dem manage leverage risk well, market fit remain weak, so e make sense to get small bearish view.