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

<p> </p> <p><strong>"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.</strong></p> <p><strong>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."</strong></p> <p>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.”</p> <p>Today, we see Bitcoin treasuries and corporate leverage playing the same game on a harder monetary base.</p> <p>The question isn’t whether it will collapse—it's whether Bitcoin changes the rules before history repeats.</p> <p>Check out the original article <a href="https://bewaterltd.com/p/bitcoin-treasurycos-and-the-roaring">Bitcoin TreasuryCos &amp; The Roaring 20s: Speculative Attack! Part II</a> by Be Water (Link: https://bewaterltd.com/p/bitcoin-treasurycos-...