Presto Research: There is a bubble risk in corporate encryption asset reserves, but it is "more subtle" than before.

Odaily News According to analysis by Presto Research, there is a significant bubble risk in the current "encryption asset reserve strategy" of enterprises incorporating encryption assets into their financial reports, but its pattern is more complex and subtle than previous market cycles. Presto Research points out that this trend carries potential risks, such as market adjustments, liquidity crises, and leverage issues. However, compared to the 2017-18 ICO bubble, the current reserve strategy has more structural differences, such as using convertible bond financing, attracting capital through key figures, and being driven by policies. Additionally, analysts warn that if volatility in the encryption market intensifies, these reserve-based companies may face rapid selling pressure, which could even trigger systemic risks. This round of strategy combines Bitcoin reserves with stock financing, leverage tools, and policy drivers, making it fundamentally different from past purely speculative bubbles. (The Block)