The Library

A curated collection of open research from the Bocan & Co archives.

Here you can access selected outlooks and briefs published under System X, offered without restriction for independent review and study.

These publications reflect our ongoing commitment to disciplined analysis, transparency, and the pursuit of enduring insight in global markets.

The Financialization Ceiling: Bitcoin’s 70 k → 15 k → 100 k Arc

  • Bitcoin’s journey from $69 000 to $15 000 and back above $100 000 wasn’t a story of hype — it was a story of liquidity.

    This 8-section report from the Bocan & Co Research Desk dissects every phase of the cycle: the 2021 euphoria, 2022 credit collapse, and 2024 ETF-driven recovery.

    Using verified data from Reuters, Bloomberg, CoinMetrics, and the U.S. Federal Reserve, it reveals how Bitcoin’s transformation into a regulated macro asset has created a natural “financialization ceiling.”

    Includes:
    • System X annotations on macro-liquidity behavior
    • Scenario table for $150 k – $250 k thresholds
    • Desk position & portfolio guidance for the Bocan Retirement Fund

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The Golden Euphoria — System X Research Brief

  • Gold has entered uncharted territory — and with it, speculative euphoria.
    This Bocan & Co System X brief combines institutional-grade analysis, verified macro data, and quantitative frameworks to assess the true state of the gold market.

    Inside:
    • Executive Summary + Macro Context
    • Log-Periodic Power Law (LPPL) Bubble Model
    • Macro Mispricing Residual Regression
    • ETF Flow-Price Elasticity Analysis
    • System X Scenario Map & Price Levels
    • Historical Parallels (1980, 2011, 2020)

    Real data. Real reasoning. Contrarian clarity.

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Euphoria in Reverse — The AI Bubble Report (2025)

  • Artificial intelligence’s rise from breakthrough to belief wasn’t a story of innovation alone — it was a story of capital.

    This 13-section report from the Bocan & Co Research Desk examines every layer of the 2023–2025 AI cycle: the post-pandemic liquidity surge, the 2024 valuation euphoria, and the current phase of concentration and reflexivity.

    Using verified data from Bloomberg, Stanford HAI, Visual Capitalist, NVIDIA, Microsoft, and Palantir filings, it explores how speculation, narrative, and liquidity have fused to form the largest technology revaluation since the dot-com era.

    Includes:
    • Historical parallels with gold, Bitcoin, and the internet cycle
    • Verified financial data and System X quantitative metrics
    • Analysis of concentration risk in the Nasdaq-100
    • Behavioural framework mapping the psychology of euphoria
    • Bocan & Co tactical observations for the 2026 consolidation phase

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