Analysts Warn: Digital Asset Treasuries Could Face a “Dot-Com Moment”

[etfs]

CryptoQuant data shows digital asset treasury companies — firms that hold crypto as core assets — are under mounting strain.
Analysts compare their rise to the dot-com boom, saying only the most resilient will survive.
Venture firm Breed calls it a potential “death spiral” for weaker players, while Ray Youssef predicts most will fade or collapse as market valuations fall.
The crypto-treasury bubble may be nearing its breaking point.

[Rimon Khan]

Fair warning — overvaluation cycles always end the same way.

[Abdul Khan]

Only projects with real utility will survive the shakeout.