Bitcoin advocate Max Keiser has raised doubts about the commitment of new Bitcoin treasury companies compared to Strategy co-founder Michael Saylor.
Keiser highlighted that Strategy's imitators have not faced a real bear market like Saylor did, who continued buying Bitcoin without selling even during market drops.
Numerous companies are entering the Bitcoin treasury space, following the lead of Strategy, with analysts predicting that corporate Bitcoin holdings could soon exceed 50% of all crypto.
Analysts are concerned about the premium prices of Bitcoin-related stocks, warning that these high premiums may not be sustainable in the long run and could potentially evaporate if Bitcoin prices decrease or demand weakens.