The DAT Bubble Has Burst

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In this episode, I dissect the implosion of the Digital Asset Treasury (DAT) narrative — the rush by public companies, funds, and pseudo-institutions to stack crypto assets as balance-sheet exposure… without understanding the liquidity, volatility, or narrative risk behind it.

I connect this to Tom Lee’s previous bullish statements on ETH ($5K → $10K thesis) and how, ironically, the same institutions chasing yield on-chain may now be retreating just as the real cycle begins. The bubble wasn’t in the assets — it was in the misunderstanding of what ownership actually means.

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The Chip Mahoney Crypto Show is part of Big Pond Podcast and represented by DV Collective. Views are for educational and informational purposes only and should not be considered financial advice. Music licensed through Spotify Creators.

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