Flashback: Silver Thursday and the Hunt Brothers (Was: Michael Saylor leads the brainless)

The Hunt Brothers, Nelson Bunker Hunt and William
Herbert Hunt, were Texas oil billionaires who
attempted to corner the silver market in the late
1970s and early 1980s. Their strategy was to buy
massive quantities of silver, causing its price
to skyrocket from around $6 per ounce in 1979 to
nearly $50 per ounce in early 1980.
However, their efforts collapsed dramatically
on "Silver Thursday," March 27, 1980, when the
price of silver plummeted. The fall was triggered
by a combination of regulatory changes (higher
margins on silver trades) and a massive sell-off.
The brothers had leveraged their silver investments
heavily, and when the prices crashed, they faced
massive losses.
Ultimately, they were accused of market manipulation,
and their financial empire crumbled. In 1988, the
Hunts were found guilty of trying to corner the
silver market and had to pay fines and settle
numerous lawsuits. The financial fallout left them
bankrupt, and Bunker Hunt declared bankruptcy in 1988.
Despite their dramatic financial downfall, the Hunt
family remained wealthy, but they lost much of the
fortune amassed in their oil business.
Mild Shock schrieb:

 MicroStrategy has acquired 27,200
BTC for ~$2.03 billion at ~$74,463 per
#bitcoin and has achieved BTC Yield of 7.3%
QTD and 26.4% YTD. As of 11/10/2024,
we hodl 279,420 $BTC acquired for ~$11.9
billion at ~$42,692 per bitcoin. $MSTR
https://twitter.com/saylor/status/1855959543508828428
 What an idiot, 26.4% YTD isn't even
realized when its only increase in market
value,  and its quite mediocre.
 Just check this out:
 The MSCI ACWI Investable Market Index (IMI)
captures large, mid and small cap representation
across 23 Developed Markets (DM) and
24 Emerging Markets (EM) countries*. With 8,780
constituents, the index is comprehensive, covering
approximately 99% of the global
equity investment opportunity set
https://www.msci.com/documents/10199/4211cc4b-453d-4b0a-a6a7-51d36472a703
 It says:
   ACWI IMI World IMI Emerging Markets IM
2023 22.18 23.50 12.13
 But it can be also negative, just like with
Michael Saylor BTC "yield" in the future.
 Mild Shock schrieb:

Hi,
>
The good thing is that Muricas have
no Braincells. They might really try to
establish a strategic Bitcoin reserve,
>
basically not understanding what Crypto
means and how limited Bitcoin will be
in the future, Bitcoin will basically dissolve
>
in a few years, and be replaced by
other Coins that are faster and unlimited.
>
Bye
>
P.S.: Even China is laughing at Muricas:
>
JUST IN: 🇨🇳 China Central TV reports that
“Trump has promised to make the US the
world's #Bitcoin and crypto capital and
establish a strategic Bitcoin reserve.”
https://twitter.com/BitcoinMagazine/status/1854580132423614888
>
But you find the idea also formulate by Muricas.