Columbia Professor Criticizes Digital Asset Treasuries Amid $1 Trillion Crypto Market Loss

Omid Malekan of Columbia University labels digital asset treasuries as extraction schemes as Bitcoin falls below $100,000 during the sharp market downturn.

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Terms & Concepts
  • Digital Asset Treasuries (DATs): Entities or funds holding large reserves of cryptocurrencies, often used to finance blockchain projects or operations.
  • Bitcoin: A decentralized digital currency that enables peer-to-peer transactions without a central authority.
  • Market Capitalization: The total value of a cryptocurrency's circulating supply, calculated by multiplying its price by the number of coins in circulation.