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Coinbase’s top analyst warns that publicly traded companies’ growing reliance on Bitcoin could trigger a market-wide sell-off if BTC prices drop. The trend, fueled by new accounting rules, poses systemic risks to the crypto ecosystem. Despite the risks, Coinbase remains optimistic about Bitcoin’s long-term trajectory.
- Publicly traded companies now hold over 819,857 BTC, worth $87 billion, creating systemic risks if prices fall.
- New accounting rules permit firms to count unrealized crypto gains, driving corporate Bitcoin investments.
- A BTC price drop could force companies to sell holdings to repay convertible bond investors, triggering a market-wide sell-off.
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