Companies with cryptocurrency reserves could follow the dot-com bubble.
Date: 2025-09-29 Author: Oliver Abernathy Categories: BUSINESS
Prominent entrepreneur Yusuf drew parallels between the current fascination with cryptocurrency assets and the dot-com crash that rocked the US stock market a quarter century ago. According to him, investor psychology has remained largely unchanged over the years, despite the emergence of new financial instruments and the growth of the crypto industry.
Yusuf recalled that in the early 2000s, when the IT bubble was collapsing, the high-tech index plummeted by almost 80%. Today, he believes, the craze for companies holding cryptocurrency in reserves is similar. Dot-coms were once a symbol of innovation and promised radical economic change, attracting both serious investors and speculators. However, excessive optimism and a weak business model led to mass bankruptcies.
The entrepreneur believes a similar scenario awaits current companies actively acquiring Bitcoin and other digital assets. Most of them will succumb to market pressure and be forced to sell their cryptocurrency, which will only exacerbate the price decline. As the NoOnes founder noted, it is at this point that a small number of players will be able to take advantage of the situation and acquire assets at a significant discount, creating favorable conditions for a protracted bearish trend.
However, Yusuf believes that it is still possible to avoid the worst consequences. Companies holding cryptocurrency reserves can soften the blow by revising their management strategy. Specifically, he recommends issuing shares instead of corporate bonds to maintain stability and reduce their debt burden. This approach, according to the NoOnes CEO, will at least partially offset future losses.
He is not alone in expressing skepticism about cryptocurrencies. Earlier, Mark Branson, head of the German regulator BaFin, stated that Bitcoin and other digital assets lack intrinsic value. According to him, retail investors who invest their own funds without sufficient knowledge or financial reserves are at the greatest risk. The losses for such participants could be particularly significant.
Thus, the situation surrounding companies with cryptocurrency reserves is reminiscent of the financial crisis of 25 years ago. The widespread enthusiasm for cryptocurrencies could end in a sharp decline, with only a few participants emerging as winners, having managed to take advantage of the crisis.
