Bitcoin Premium Model Criticized by Twenty One Capital CEO as Unsustainable

Raphael Zagury, CEO of Twenty One Capital, has spoken out against the long-term viability of Bitcoin investment strategies that rely on trading at a premium.

Zagury argues that asset managers cannot generate profits indefinitely through this model and warns companies to pivot toward building cash-generating businesses atop their Bitcoin holdings.

The CEO notes that there is no such thing as 'free money forever' and emphasizes the importance of creating intrinsic value beyond mere price appreciation or premium arbitrage.