Crypto treasury ‘bubble’ fears overblown: TON Strategy CEO
According to TON Strategy CEO Veronika Kapustina, while there are early signs of a bubble in corporate digital asset treasuries (DATs), the long-term outlook remains positive as the market matures. Speaking at the Token2049 conference in Singapore, she acknowledged that indicators suggest a bubble but noted that this sector is distinct due to its novelty in finance. Kapustina highlighted the influx of 'fast money' in DATs but believes that wiser investors are beginning to sift through the offerings to identify quality projects. While she anticipates some consolidation as new DATs may struggle, she does not foresee a crash and is optimistic that genuine medium to long-term capital will soon flow in. The model, pioneered by Michael Saylor’s Strategy with Bitcoin, is now expanding to other assets like Ether and Solana. Furthermore, Kapustina mentioned various developments for DATs, including potential banking services and enhanced network security, indicating that investors will eventually recognize their true value beyond mere speculation.
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