失败的Altcoins和国库叙事：David Bailey听起来很警报

戴维·贝利（David Bailey）批评山寨币国库策略，强调了大型比特币鲸和“有毒融资”对加密货币市场的影响。

The crypto world is buzzing, but not all news is good news. David Bailey, CEO of Nakamoto and Bitcoin advisor, is raising eyebrows with his critique of altcoin treasury strategies. Are 'failed altcoins' muddying the water for everyone?

加密世界正在嗡嗡作响，但并非所有新闻都是个好消息。 Nakamoto首席执行官兼比特币顾问David Bailey通过对Altcoin国库策略的批评引起了人们的注意。 “失败的Altcoins”是否为所有人泥泞的水吗？

Bailey's Beef with Altcoin Treasuries

Bailey的牛肉与Altcoin国库

Bailey isn't mincing words. He sees companies adding underperforming altcoins to their balance sheets as a problem, calling it "toxic financing" that's confusing the broader treasury narrative. He argues that too many companies lack a solid plan, leading to a muddled picture. According to Bailey, the core strategy should be about building and monetizing your balance sheet effectively.

Bailey没有分解单词。他认为公司在资产负债表中添加表现不佳的山寨币是一个问题，称其为“有毒融资”，这使更广泛的国库叙事感到困惑。他认为，太多的公司缺乏扎实的计划，导致了混乱的情况。根据贝利的说法，核心策略应该是有效地建立和利用资产负债表的货币化。

He even posted on X, stating: “Toxic financing, failed altcoins rebranded as DATs, too many failed companies with no plan or vision. It’s totally muddled the narrative.” Ouch.

他甚至在X上张贴说：“有毒的融资，失败的altcoins重新命名为DATS，太多没有计划或远见的公司失败的公司。这完全使叙述变得混乱了。”哎哟。

The Treasury Sector Under Scrutiny

审查的财政部部门

Bailey believes the entire treasury sector is “being tested.” This comes as publicly-listed companies are venturing beyond Bitcoin, seeking riskier crypto assets. While some argue that interest in a broader range of cryptocurrencies may be contributing to Bitcoin's recent sideways price action, Breed, a venture capital firm, suggests that only a few Bitcoin treasury companies will truly succeed in the long run.

贝利认为，整个财政部正在“经过测试”。这是因为公开上市的公司正在超越比特币，寻求更风险的加密资产。尽管有人认为，对更广泛的加密货币的兴趣可能会导致比特币最近的侧面价格行动，但风险投资公司Breed Breed表明，从长远来看，只有少数几家比特币财政公司将真正取得成功。

The Whale Factor

鲸鱼因子

Beyond altcoins, Bailey also points to the influence of massive Bitcoin whales. According to Bailey, two major holders are holding back Bitcoin's potential to reach $150,000. He clarifies that one whale is holding 80,000 BTC and the other 120,000 BTC and believes once these whales finish selling, the cryptocurrency could climb significantly.

除了AltCoins，Bailey还指出了大型比特币鲸的影响。据贝利说，两个主要持有人阻止了比特币的潜力达到150,000美元。他澄清说，一只鲸鱼持有80,000 BTC和其他120,000 BTC，并认为一旦这些鲸鱼完成了销售，加密货币可能会大幅上升。

A Personal Take: Is Bailey Right?

个人看法：贝利对吗？

While diversification can be a good thing, Bailey's concerns about 'failed altcoins' have merit. Adding assets without a clear strategy could dilute the strength of a treasury. His point about the whales makes you wonder if manipulation, even unintentional, is a larger factor than many want to admit. If true, the market's maturity is still questionable.

虽然多元化可能是一件好事，但贝利对“失败的山寨币”的担忧具有优点。在没有明确策略的情况下增加资产可以稀释财政部的实力。他关于鲸鱼的观点使您想知道操纵（即使是无意的）是否比许多人想要承认的更大的因素。如果是真的，那么市场的成熟度仍然值得怀疑。

Looking Ahead

展望未来

Whether it's the impact of altcoins or the actions of Bitcoin whales, the crypto market is always full of surprises. One thing's for sure: it's never a dull moment in the world of digital currencies. So, buckle up, buttercups! The ride's just getting started.

无论是Altcoins的影响还是比特币鲸的行动，加密货币市场总是充满惊喜。可以肯定的是：在数字货币世界中，这绝不是沉闷的时刻。所以，扣紧，毛cup！这次旅程才刚刚开始。