Part 4/7:
While it makes sense for operating companies to hold Bitcoin instead of cash or traditional treasuries, a concern looms large: these companies often store their reserves with large custodians who may be susceptible to hacking or government confiscation.
Moreover, while some industry leaders might profit, retail investors could find themselves at a disadvantage, chasing returns that could ultimately disappoint. The chase for more Bitcoin, whether through trading shipcoins or investing in Bitcoin treasury companies, often overlooks a more fundamental approach to investment.