Read_911 - Bitcoin TreasuryCos: Lessons From The 1929 Crash (Speculative Attack! Part III)

“Live by the mNAV, Die by the mNAV”.


What happens when financial alchemy meets the hardest money in
history? In this episode, we explore how Bitcoin treasury
companies may be repeating the speculative sins of the
1920s—where reflexivity, leverage, and overconfidence turned
“innovation” into collapse. The question is: will Bitcoin break
the curse, or amplify it?


Check out the original article Read_911 - Bitcoin
TreasuryCos: Lessons From The 1929 Crash (Speculative Attack!
Part III) by Be Water (Link:
https://bewaterltd.com/p/bitcoin-treasurycos-lessons-from)


Links & References




Read_909 - Bitcoin Treasury Companies (Speculative Attack!
Part I)
(Link: https://fountain.fm/episode/eShOXODGdCH3BD3M9Mzn)


Read_910 - Bitcoin TreasuryCos & The Roaring 20s:
Speculative Attack! Part II
(Link: https://fountain.fm/episode/z21X5ypXXezxWQ1Y827s)



The Flight into Fake Values by Be Water
(Link: https://bewaterltd.com/p/the-flight-into-fake-values)




The Great Crash 1929 by John Kenneth Galbraith
(Link: https://www.amazon.com/Great-Crash-1929-Kenneth-Galbraith/dp/0547248164)




Shelling Out: The Origins of Money by Nick Szabo
(Link: https://nakamotoinstitute.org/library/shelling-out/)




Read_882 - The Great Taking [P1] on Spotify
(Link:https://open.spotify.com/episode/0CBszl5R5aWETQHN5wSgoo)




Check out our awesome sponsors!


Ledn: Need fiat but don’t want to sell your Bitcoin? Ledn
offers secure, Bitcoin-backed loans with no credit checks,
flexible repayment, and fast turnaround—often within 24 hours.
With $10B+ in loans across 100+ countries and transparent Proof
of Reserves, Ledn is a trusted option for unlocking liquidity
without giving up your Bitcoin. (Link:
https://learn.ledn.io/audible)

HRF: The Human Rights Foundation is a nonpartisan, nonprofit
organization that promotes and protects human rights globally,
with a focus on closed societies. Subscribe to HRF's Financial
Freedom Newsletter today. (Link:
https://mailchi.mp/hrf.org/financial-freedom-newsletter)

OFF: The Oslo Freedom Forum is a global human rights event by
the Human Rights Foundation (HRF), uniting voices from activism,
journalism, tech, and beyond. Through powerful stories and
collaboration, OFF advances freedom and human potential
worldwide. Join us next June. (Link:
https://oslofreedomforum.com/)

Pubky: Pubky is building the next web, a decentralized
system designed to put control back in your hands. Escape
censorship, algorithmic manipulation, and walled gardens by
owning your identity and data. Explore the Pubky web and become
the algorithm today. Don't forget to find me on my Pubky ID here:
pk:5d7thwzkxx5mz6gk1f19wfyykr6nrwzaxri3io7ahejg1z74qngo. (Link:
https://pubky.org)

Chroma: Chroma is dedicated to advancing human performance
and well-being through cutting-edge light therapy devices and
performance eyewear. Their mission is to enhance physical and
mental health, unlocking...