Why skeptics short Bitcoin treasuries

"What distinguishes this speculative attack from its Weimar predecessor is that now - thanks to Bitcoin, Bitcoin Treasuries, Money Printer Go Brrr memes, and social media - it is nearly impossible for public opinion to misconstrue the economic consequences of the inflation. The speculative attack has evolved from a relatively obscure trading strategy during the Weimar Republic into a coordinated, full-fledged social media-mediated and Wall Street-assisted assault on the monopoly of state-issued money itself."
~ Be Water

We’ve entered a world where perception overtakes reality, and debt is the new weapon in a monetary war. I break down the first part of The Speculative Attack series, connecting it to everything from Weimar inflation to the hollowed-out middle class—and ask the question: are Bitcoin treasuries the future of sound money, or the next crack-up boom?

Check out the original article Bitcoin Treasury Companies: Speculative Attack! Part I by Be Water (Link: https://bewaterltd.com/p/bitcoin-treasury-companies)

Links & References

• The Flight into Fake Values by Be Water (Link: https://bewaterltd.com/p/the-flight-into-fake-values)
• Speculative Attack by Pierre Rochard (2014) (Link: https://nakamotoinstitute.org/mempool/speculative-attack/)
• Speculative Attack Season 2 by Pierre Rochard and Allan Farrington (2023) (Link: https://www.axiombtc.capital/attack)
• Broken Money Revisited: Advancing Lyn Alden's Gold & Bitcoin Thesis (Memetic Monetary Theory) (Link: https://bewaterltd.com/p/broken-money) 
• Cypherpunks: Freedom and the Future of the Internet by Julian Assange (Link: https://tinyurl.com/y33tr22c)

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