October 29, 2025

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

1 hour 8 minutes

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

Host Links

⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)

⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)

Guy on Instagram (Link: https://www.instagram.com/theguyswann)

Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)

Guy on YouTube (Link: https://www.youtube.com/@theguyswann)

⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

...more

View all episodes

By Guy Swann

4.9

419419 ratings