Introducing STD: Shitcoin Treasury Deal. One of the major criticisms that people have had regarding Bitcoin Treasury Companies is that “this will cause the next crash.” They thought opportunists coming to ride the BTCTC wave would end up over-leveraging or paper handing bitcoin when the bear starts, exacerbating a crash. What we’re *actually* seeing is those people are starting shitcoin treasury companies, passing around STDs. Altcoins once again are providing a valuable service for Bitcoin by filtering out low quality STD pushers. All of the short sighted trader types who missed Bitcoin and missed MSTR & the BTCTCs are now starting to get FOMO. What are they doing? They are starting ETH, DOGE & BNB treasury companies. Likely what is going to happen is the majority of low value grifters will pivot to crypto treasury companies and start issuing synthetic crypto products much like Wall Street firms did in the 1990s with the first derivatives bubble. (Read the book Fiasco by Frank Portnoy.) This gives principled bitcoiners looking to create bitcoin treasury companies some breathing room. There will be a lot of capital flowing into STDs (Shitcoin Treasury Deals) but the crash in shitcoins will be real bad. The only concerning thing is if we start seeing these crypto corps start adding BTC to try to become legit and then borrow against their BTC (like Terra LUNA tried to). I’m monitoring the situation closely.