Read_910 - Bitcoin TreasuryCos & The Roaring 20s (Speculative Attack! Part II)

 


"In 1929, one of its largest holdings was the Shenandoah
Corporation. Another closed-end fund, organized by Goldman
Sachs... that became a large investor in its stock.


All these funds traded at Premia. At the top of the
pyramid, the Goldman Sachs Trading Corporation traded at a
premium to a premium to a premium to net asset value."


In the Roaring Twenties, Goldman Sachs built a pyramid of trusts
on top of trusts—trading at “a premium to a premium to a
premium.”


Today, we see Bitcoin treasuries and corporate leverage playing
the same game on a harder monetary base.


The question isn’t whether it will collapse—it's whether Bitcoin
changes the rules before history repeats.


Check out the original article Bitcoin TreasuryCos & The
Roaring 20s: Speculative Attack! Part II by Be Water (Link:
https://bewaterltd.com/p/bitcoin-treasurycos-and-the-roaring)


Links & References


Speculative Attack Part 1
(Link: https://fountain.fm/episode/eShOXODGdCH3BD3M9Mzn)

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

Money: The True Story of a Made-Up Thing by Jacob Goldstein
(Link: https://www.goodreads.com/book/show/50358103-money)

Reboot - Shelling Out: The Origins of Money [Nick Szabo] on
Fountain (Link: https://fountain.fm/episode/x8tdmijTWRqQwNkwLyL4)



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 peak human health, cognitive function,
and physical performance. Get 10% off your order with the code
BITCOINAUDIBLE. (Link: https://getchroma.co/?ref...