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As summer transitions into fall in the northern hemisphere, the stonkcoiner vision of bitcoinizing finance<\/a> is swiftly evolving into a nightmare. The bitcoin paper summer<\/a>, characterized by issuing shares to oblivious financial markets at (extreme) overestimations to thus acquire bitcoin at a bargain, is concluding, not with a bang of triumph but with a rather underwhelming whimper.<\/p>\n The bitcoin treasury aspiration was appealing; I even candidly acknowledge<\/a> that it held some<\/em> logic.<\/p>\n For a brief duration, Wall Street cheerfully indulged<\/a> the exuberance and fueled the flames. But ultimately, financial gravity is reasserting itself: We\u2019re all awakening from our summer romance with financial illusion, where items were exchanged for more<\/em> than their actual worth. It\u2019s both remarkable and tragic to witness standard corporate finance regain its footing.<\/p>\n Earlier this year, our own David Bailey, CEO of BTC Inc, the proprietor of Bitcoin Magazine, informed Bitcoin for Corporations, another division of BTC Inc<\/a>, that \u201cif you can sell a dollar for more than a dollar, you make that trade all day long.\u201d<\/p>\n It turns out, that free-lunch tactic(!) wasn\u2019t actually free\u2026 erasing investor capital<\/a> in the process has been a challenging journey to learn that lesson.<\/p>\n