Crypto Treasuries Risk 2000s-Style Market Crash, Youssef Warns

- Ray Youssef warns of dot-com-style risks in crypto treasuries. - Overinvestment could fuel the next bear market, Youssef claims. On September 27, 2025, Cointelegraph reported that Ray Youssef, founder of the NoOnes app, compared the risks crypto treasury companies face to the infamous dot-com bubble of the early 2000s. Youssef expressed concern that unchecked optimism is driving extensive capital into crypto, decentralized finance (DeFi), and Web3 ventures. He cautioned that this behavior could lead to widespread organizational failures and trigger a market downturn. Youssef elaborated that as failing companies sell off their holdings, bearish market conditions could intensify. Yet, he pointed out that a select few well-managed firms might weather the storm and capitalize on discounted crypto prices after the correction. Crypto treasury companies represent a major trend in this market cycle, highlighting the shift toward institutional investment as cryptocurrency solidifies its position as a global asset class. Youssef suggested that survival depends on strategic and responsible management practices. He urged companies to reduce debt loads, issue equity rather than rely on borrowing, and align their repayment strategies with Bitcoin’s four-year market cycles. He also advised focusing on high-quality digital assets that have capped supplies and proven recoverability, rather than speculative altcoins. Businesses with revenue-driven models are also better equipped to endure financial crises than those that rely on external funding alone. As institutional involvement reshapes the cryptocurrency landscape, effective treasury practices have become increasingly vital for mitigating risk and ensuring longevity in volatile markets. According to CoinMarketCap, Bitcoin (BTC) was trading at $109,454.82 as of September 27 at 19:08 UTC. Its 24-hour trading volume decreased by 0.11%.