Prominent cryptocurrency venture capitalists are forecasting a potential decline in corporate Bitcoin and altcoin treasury holdings by 2027-2028, pointing to unsustainable market dynamics and upcoming debt obligations. Analysts compare the current trend to previous speculative cycles like the memecoin surge, noting its vulnerability to shifting capital flows.
Approximately $10 billion in debt held by Bitcoin treasury firms is scheduled to mature between 2027 and 2028, creating significant financial pressure. Haseeb Qureshi, Managing Partner at Dragonfly Capital, warned the strategy is primarily fueled by speculative ‘hot money’ that could recede within one to two years.
Despite Bitcoin treasuries currently holding around 3.44 million BTC worth roughly $364 billion, experts question the long-term viability. Zaheer Ebtikar of Split Capital observed that crypto investment trends face progressively shorter lifecycles due to market sophistication, suggesting the treasury meta may soon follow this pattern. The impending debt wall could accelerate this transition.