Bitcoin/sound money are meant to get rid of financial engineering. The goal is a world where people focus on their craft and use money to trade and save… and to not have a system which forces people to become portfolio managers and speculators just to have a chance of keeping their already-earned wealth. Bitcoin Treasury Companies *are* financial engineering. This is why some Bitcoiners have an aversion to them, and it’s understandable. But this is the epitome of “don’t hate the player, hate the game.” The fact that fiat and Bitcoin exist alongside one another creates a tremendous opportunity for Bitcoin Treasury Companies. Bitcoin Treasury Companies ARE the speculative attack at scale. I look forward to a day when we have a system of sound money, when fiat no longer exists, and people focus on their craft and save in Bitcoin. That day is far far away. Until then, Bitcoin Treasury Companies are a logical part of the path.