Crypto Treasury Firms: A Get-Rich-Quick Scheme, Claims Professor

Columbia Business School professor Omid Malekan argues that the recent downturn in crypto prices is partly due to a flawed model known as Digital Asset Treasuries (DATs). He claims that these firms, characterized by their high-risk approach and lack of transparency, led to a mass extraction event within the crypto market. Many DATs were launched with unrealistic expectations of quick profits, according to Malekan, who says they primarily focused on generating rapid returns rather than sound investments. ]