“I think it’s going to end very badly,” said Jason Calacanis, general partner at LAUNCH, as he shared his thoughts on the growing trend of bitcoin treasuries. ➡️ Jason warns that combining bitcoin with a company’s treasury is “not a great idea,” as bitcoin will “inevitably” experience a downdraft — one that could cause significant problems for companies using it as a treasury asset. ➡️ Trump Media on Tuesday announced a $2.5 billion raise from institutional investors to bankroll one of the largest bitcoin treasury allocations by a public company.