David Bailey, one of the leading architects of the Bitcoin treasury strategy and CEO of Nakamoto, exposed how Wall Street is targeting crypto-focused companies, behind-the-scenes manipulations, and the shifting balance of power in the Bitcoin market.
In an exclusive interview with Scott Melker on The Wolf of All Streets, David Bailey said that institutional Bitcoin adoption is still in its infancy, and that Wall Street giants are employing ruthless tactics to destroy or take over this new ecosystem.
Bailey also claimed that the “four-year cycle” theory that Bitcoin investors have relied on for years is no longer valid.
One of the most striking parts of the interview was when Bailey described his relationships with Wall Street investment banks and financial institutions. He harshly criticized how publicly traded Bitcoin companies are exploited by Wall Street in their search for financing, saying:
Bailey noted that many new Bitcoin companies have been lured into “toxic debt” and PIPE (Public Equity Private Investment) deals, and their shares have been shorted by Wall Street institutions.
Bailey, implying that institutional actors are behind the recent market declines and increased volatility, highlighted campaigns against leading companies like MicroStrategy. He noted that traditional finance is uneasy about the success of Bitcoin-focused companies, saying, “The FUD directed at MicroStrategy is both incredible and dishonest.”
According to Bailey, Bitcoin companies are essentially positioning themselves as “next-generation banks,” threatening the traditional banking system. Despite the pressure, Bailey reiterated his prediction that “eventually, every company will own BTC.”
Speaking about the 4-year market cycle based on the Bitcoin halving, which is one of the most deeply rooted beliefs in the cryptocurrency market, Bailey argued that this model no longer works:
Bailey stated that although breaking this cycle creates uncertainty in the short term, in the long term it could mean that Bitcoin enters a “Super Cycle” and settles into a sustained uptrend.
Bailey stated that the corporate model of simply buying and holding (HODLing) Bitcoin is not sustainable, and that companies must transform into profitable businesses that generate cash flow to survive.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/famous-ceo-says-wall-street-is-attacking-bitcoin-explains-the-real-reason-behind-the-recent-declines/
