The PIPE model has experienced significant popularity and decline within Bitcoin treasury strategies. Initially, the model attracted attention for its potential to enhance treasury management. Advocates argued that it offered a structured approach to investing in Bitcoin, allowing organizations to manage their assets more effectively. However, over time, the model faced criticism and challenges that led to its decreased adoption. Factors contributing to this decline include market volatility and evolving strategies that better align with the needs of treasury managers. As the cryptocurrency landscape continues to change, organizations are reassessing their approaches to treasury management, moving away from the PIPE model in search of more adaptable solutions.
