Columbia Professor: Digital Asset Treasuries Turned Into “Mass Exit Event”

Columbia Business School professor Omid Malekan declared that digital asset treasuries have transformed into a “mass extraction and exit event” driving crypto prices down, contradicting earlier bullish predictions that corporate Bitcoin adoption would fuel sustained market growth. His stark assessment comes as Bitcoin slipped below $100,000 for the first time since June and entered bear market territory with a 20% decline from its October record high, wiping over $1 trillion from total crypto market capit ...