How a 2014 Essay Shockingly Predicted the Era of Corporate Bitcoin Treasuries
I. The Forgotten Blueprint In July 2014, when Bitcoin was trading near six hundred dollars and most executives dismissed it as an internet novelty, Pierre Rochard published an essay titled Speculative Attack. It was a dense, Austrian-leaning treatise that argued Bitcoin would not be adopted because it was “better technology,” but because economic reality would force adoption. People would eventually […]