Columbia Business School adjunct professor Omid Malekan claimed there are a few crypto buying companies that tried to “create sustainable value. But I can count them on one hand.”
Conversations about Bitcoin’s price drop should include the impact of crypto treasury companies, which have contributed to the decline, argues Omid Malekan, a blockchain author and adjunct professor at Columbia Business School.
“Any analysis of why crypto prices continue to fall needs to include DATs [digital asset treasuries],” Malekan said in an X post on Tuesday. “In aggregate they turned out to be a mass extraction and exit event — a reason for prices to go down.”
He added that there are a few companies that have tried to “create sustainable value. But I can count them on one hand.”
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