GM
My two sats on Bitcoin focused companies. Companies historically add more value to an ecosystem/economy than just holding money.
"Bitcoin Treasury Companies" will be a fad. There are several who are figuring out ways to integrate Bitcoin for hyperbitoinization.
Strategy is a clear leader in innovation and will probably outperform Bitcoin (the best form of money). Their new funnels to suck fiat out of the American economy and turn it into Bitcoin is impressive. However their STRK product potentially struck a nerve.
What
@jack mallers is building with Paolo at XXI is the most intriguing. I think Jack was happy building Strike until Saylor took his stock ticker to take it public. Rather than complain he decided to do a little proof of work. Many of the tradfi bros are saying he has too much bitcoin to lever up. In my opinion he is going to zig while the market is zagging into Bitcoin Treasury Companies and focus on Satsflow until the next bear.
Jack has always been a master chess player and gritty builder. My gut says XXI will buyout Strike and Tether similarly to Alphabet and the businesses underneath it. This will make it a global juggernaut.
While Saylor continues to say the USD will exist alongside Bitcoin Jack focuses on building on Bitcoin. This will be what separates them in the next bear cycle.
All the other influencers and podcasters are just cashing out on their brand like they do every cycle. Focus on the builders...top three bitcoin companies in 10 years in my opinion will be
XXI
Vora
Strategy
I will not sell any Bitcoin to buy shares but will continue to allocate my 401k match into Strategy and XXI (after it merges and settles into a reasonable price compared to Bitcoin on balance sheet). If/when Vora goes public I'll allocate to them as well.