Aizrau\u0161an\u0101s ar Bitcoin \u2013 r\u016bgta realit\u0101te mazajiem investoriem<\/p>\n
K\u0101 v\u0113sta p\u0113t\u012bjums, ko veikusi Singap\u016bras komp\u0101nija 10X Research, mazie, jeb priv\u0101tie investori ir piedz\u012bvoju\u0161i iev\u0113rojamus zaud\u0113jumus, kuru kop\u0113j\u0101 summa sasniegusi aptuveni 17 miljardus dol\u0101ru. \u0160ie zaud\u0113jumi radu\u0161ies m\u0113\u0123in\u0101jumos g\u016bt pe\u013c\u0146u no Bitcoin, ieguldot naudu uz\u0146\u0113mumos, kas savu v\u0113rt\u012bbu sasaist\u012bju\u0161i ar kriptoval\u016btu, piem\u0113ram, Metaplanet un strat\u0113\u0123iskajos fondos, ko vada Maikls Sailor. Rezult\u0101t\u0101 jauni akcion\u0101ri ir p\u0101rmaks\u0101ju\u0161i par piek\u013cuvi Bitcoin, ar aptuvenu 20 miljardu dol\u0101ru lielu p\u0101rsvaru, sal\u012bdzinot ar re\u0101lo akt\u012bvu v\u0113rt\u012bbu.<\/p>\n
Strat\u0113\u0123ijas, kas noveda pie kraha<\/p>\n
\u0160\u012bs d\u0101rg\u0101s akciju izsoles notika, jo komp\u0101nijas sp\u0113ja p\u0101rdot savas akcijas par krietni augst\u0101ku cenu nek\u0101 to faktisk\u0101 v\u0113rt\u012bba, kas ietv\u0113ra kriptoval\u016btu rezerves. \u0160\u012b sh\u0113ma bija vienk\u0101r\u0161a: uz\u0146\u0113mumi p\u0101rdeva akcijas ar iev\u0113rojamu uzcenojumu attiec\u012bb\u0101 pret t\u012bro akt\u012bvu v\u0113rt\u012bbu (NAV). Ieg\u016btos l\u012bdzek\u013cus tad izmantoja Bitcoin ieg\u0101dei, cerot uz turpm\u0101ku v\u0113rt\u012bbas pieaugumu un cikla atk\u0101rto\u0161anu. Tom\u0113r, kad tirgus piedz\u012bvoja visp\u0101r\u0113ju kritumu, \u0161o uz\u0146\u0113mumu akciju v\u0113rt\u012bba strauji krit\u0101s, atst\u0101jot individu\u0101los investorus ar iespaid\u012bgiem zaud\u0113jumiem. Tas ir skaidrs sign\u0101ls par neilgtsp\u0113j\u012bgu biznesa modeli, kas balst\u012bj\u0101s uz il\u016bziju par past\u0101v\u012bgi augo\u0161u Bitcoin v\u0113rt\u012bbu un tirgus entuziasmu.<\/p>\n
Konkr\u0113ti piem\u0113ri: Metaplanet un Strategy<\/p>\n
Piem\u0113ram, Metaplanet, ieguldot 1 miljardu dol\u0101ru Bitcoin, sasniedza 8 miljardu dol\u0101ru tirgus kapitaliz\u0101ciju. Ta\u010du dr\u012bz vien \u0161\u012b summa saruka l\u012bdz 3,1 miljardam dol\u0101ru, lai gan komp\u0101nijas bilanc\u0113 joproj\u0101m bija 3,3 miljardi dol\u0101ru v\u0113rt\u012bb\u0101 Bitcoin. \u00abRezult\u0101t\u0101 akcion\u0101ri zaud\u0113ja 4,9 miljardus dol\u0101ru tirgus v\u0113rt\u012bb\u0101, kam\u0113r komp\u0101nijai izdev\u0101s uzkr\u0101t 2,3 miljardus dol\u0101ru Bitcoin \u2013 rezult\u0101ts, kas tom\u0113r ir j\u0101atz\u012bst,\u00bb nor\u0101d\u012bju\u0161i p\u0113t\u012bjuma autori. \u0160\u0101ds strauj\u0161 at\u0161\u0137ir\u012bbas samazin\u0101jums starp tirgus cenu un akciju v\u0113rt\u012bbu ir ba\u017eu pilns. Zi\u0146ojum\u0101 \u00abAfter the Magic: How Bitcoin Treasury Firms Must Evolve Beyond NAV Illusions\u00bb teikts, ka pa\u0161laik Maikla Sailor vad\u012bt\u0101s komp\u0101nijas Strategy akcijas tiek tirgotas vien 1,4 reizes virs to re\u0101l\u0101s v\u0113rt\u012bbas, kas ir iev\u0113rojami maz\u0101k nek\u0101 iepriek\u0161, kad uzcenojums sasniedza tr\u012bs l\u012bdz \u010detras reizes. \u0160\u012b ir p\u0101r\u0101k liela at\u0161\u0137ir\u012bba, kas liecina par tirgus korekciju, nevis tikai neliel\u0101m sv\u0101rst\u012bb\u0101m.<\/p>\n
N\u0101kotnes perspekt\u012bvas un adapt\u0101cijas nepiecie\u0161am\u012bba<\/p>\n
Jau pavasar\u012b Maikls Sailor izteic\u0101s par 1,5 miljardu dol\u0101ru \u00absadedzin\u0101\u0161anu\u00bb Bitcoin, cen\u0161oties pan\u0101kt \u00abekonomisko nemirst\u012bbu\u00bb. Ta\u010du p\u0113t\u012bjuma autori secina: \u00ab\u0112ra finan\u0161u ma\u0123ijai Bitcoin komp\u0101niju vid\u016b ir beigusies. Tom\u0113r gudr\u0101k\u0101s komp\u0101nijas ar digit\u0101lajiem akt\u012bviem (DAT) joproj\u0101m sp\u0113s nodro\u0161in\u0101t 15-20% gada pe\u013c\u0146u.\u00bb Anal\u012bti\u0137i uzsver, ka uz\u0146\u0113mumiem, kas tur Bitcoin savos rezerves fondos, ir j\u0101maina pieeja. T\u0101m j\u0101atsak\u0101s no prakses pirkt kriptoval\u016btu par uzp\u016bstu t\u012bro akt\u012bvu v\u0113rt\u012bbu (NAV) un j\u0101p\u0101riet uz modeli, kas l\u012bdzin\u0101s arbitr\u0101\u017eas akt\u012bvu p\u0101rvaldniekiem. Lai gan tas var\u0113tu samazin\u0101t potenci\u0101lo Bitcoin pe\u013c\u0146u, sp\u0113ja piel\u0101goties jaunajai sist\u0113mai b\u016bs iz\u0161\u0137iro\u0161a to finansi\u0101lajai izdz\u012bvo\u0161anai. \u0160is ir br\u012bdin\u0101jums visiem, kas cer \u0101tri un viegli nopeln\u012bt uz kriptoval\u016btu popularit\u0101tes vi\u013c\u0146a, neizprotot dzi\u013c\u0101kus tirgus meh\u0101nismus un riskus.<\/p>\n","protected":false},"excerpt":{"rendered":"Aizrau\u0161an\u0101s ar Bitcoin \u2013 r\u016bgta realit\u0101te mazajiem investoriem K\u0101 v\u0113sta p\u0113t\u012bjums, ko veikusi Singap\u016bras komp\u0101nija 10X Research, mazie,…\n","protected":false},"author":2,"featured_media":27426,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[8450,77,76,3351,35,39,38,36,37,34,40,8452,8453,8451],"class_list":{"0":"post-27425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bizness","8":"tag-bitcoin-zaudejumi","9":"tag-bizness","10":"tag-business","11":"tag-kriptovalutu-tirgus","12":"tag-latvia","13":"tag-latvian","14":"tag-latviesu","15":"tag-latviesu-valoda","16":"tag-latviesuvaloda","17":"tag-latvija","18":"tag-lv","19":"tag-maikls-sailor","20":"tag-metaplanet","21":"tag-privatie-investori"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/27425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/comments?post=27425"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/posts\/27425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media\/27426"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/media?parent=27425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/categories?post=27425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/lv\/wp-json\/wp\/v2\/tags?post=27425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}