Read_909 - Bitcoin Treasury Companies (Speculative Attack! Part I)

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Oct 24, 2025

Dive into the fascinating evolution of speculative attacks from the Weimar Republic to the age of Bitcoin. Explore how inflation creates a flight into fake values and why Bitcoin treasury companies may be a solution or a new bubble. Discover the role of social media in transforming speculative strategies into mass movements. Unpack Michael Saylor's innovative approach to leverage corporate finance against fiat, and consider the implications of Bitcoin-backed loans. This insightful discussion connects past financial crises with today's digital currency landscape.

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INSIGHT

Speculative Attack Evolves With Bitcoin

Bitcoin treasuries and social media have turned an obscure Weimar trading tactic into a coordinated attack on fiat.
Memes and corporate actors amplify perception, making monetary shifts visible and contagious.

INSIGHT

Debt-Funded Bitcoin As Inflation Carry Trade

Borrowing depreciating fiat to buy appreciating Bitcoin is a modern inflation-carry trade.
Pierre Rochard's 'speculative attack' frames this as a route to hyper-Bitcoinization.

INSIGHT

From Weimar Profiteers To Public Memetics

Early actors convert cheap debt into rising assets, profiting as inflation degrades currency.
Today's actors broadcast this widely, accelerating adoption and weakening fiat confidence.

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"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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