Bernstein Warns: Ethereum Treasuries Carry Unique Risks Bitcoin Firms Don’t Face
Hold onto your private keys—Ethereum's treasury game isn't for the faint-hearted.
While Bitcoin maximalists brag about 'hard money,' ETH custodians are navigating a minefield of smart contract risks, liquidity traps, and the ever-present specter of regulatory curveballs. Bernstein's latest analysis suggests Ethereum's flexibility comes at a cost traditional finance nerds still can't quantify.
Here's the kicker: Unlike Bitcoin's 'set-it-and-forget-it' treasury strategy, Ethereum demands constant protocol-level babysitting. One wrong governance vote or DeFi integration could turn those digital vaults into very expensive paperweights.
And let's be real—if Wall Street struggles with multi-sig wallets, maybe they should stick to overpriced index funds.
