Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
it is silly to abide by the existing framework of laws around how financial exchanges work when we are creating a completely new system from the ground up
@HyperliquidX would not exist if they attempted to fit into the existing system, neither would many other crypto protocols, there is a reason that they have to come up with new definitions in the Clarity Act for protocols that previously they did not have the sufficient regulatory definitions for, makes more sense to believe that the new laws will be structured to best accommodate the most successful crypto startups, of which Hyperliquid is clearly at the forefront, Jeff & co have said that they have had ongoing conversations with US lawmakers and continue to be surprised with how much they are learning how Hyperliquid works, the ICE has also made similar comments that have been positive
yes they are closed source, and yes they started with a small colocated validator set, but it is objectively true that they would not have been able to have as much success as they have so far without those core decisions at the beginning, it also is not as if they are not attempting to move to a more permissionless and decentralized construction as they've added more validators to the valset that did not exist when they first started that are not directly a part of the Hyperliquid team, i believe it's around ~25? but i know it isn't all from just their team and there are other people running validators
what people are underdiscussing currently with the future optimistic case regarding Hyperliquid, is that for the first time we have a pro-crypto president and a pro-crypto admin who both understand the importance of being early and supportive of these technologies but also understand how much money can be made if it is architected properly, now if you look at how Hyperliquid is designed with builder codes and HIP-3 it will benefit from a large # of exchanges and frontends being built on top of its core infrastructure and utilizing the deep liquidity and work that they've done creating a top of class exchange, the reason this should be important to Trump and the US govt if they understand it properly:
if Hyperliquid is successful and they become the AWS of liquidity for financial exchanges supporting perpetual futures, while USDC is the underlying stablecoin on the exchange, by default they will be creating a huge amount of demand for USD and extending the dominance of the dollar hegemony globally
they want everyone using US dollars, and the future state of the world a lot of that is going to be digital, the reason Clarity Act has been able to actually get support in Congress is because they understand the importance of stablecoins in the future and how they will continue to become more popular, in the same way that Trump has been outwardly supportive of companies that he believes are doing great innovative work in their respective industries like Dell, Ford, Intel etc. it is very likely that he will be as supportive with crypto companies if they are able to convey the value prop of Hyperliquid doing well effectively, I have confidence in @chameleon_jeff & @HyperliquidPC to correctly illustrate this opportunity to lawmakers
if I can see this thesis clearly for how building a decentralized perps exchange that many other countries and regions can build their own perps exchanges on top of that ALL use USD-based stablecoins underneath the hood, then i imagine it will be just as easy for others to see as well, we've already seen Trump support similar financial infrastructure with the Trump accounts through Robinhood, so not that farfetched IMO
CRYPTO PLAN 2025 👇🏼
Take profits during bullrun.
Starting either April or May 2025.
Slowly DCA out of your bags each week.
Profits all go into 2 biggest stable coins.
50% into USDT and 50% into USDC.
Entire profit taking process is 6 months.
Should be done by October/November.
Log off completely and touch grass.
Wait exactly 1 year after this.
Start converting stables to Bitcoin.
Slowly DCA into Bitcoin for 8 months.
Do this until your entire portfolio is Bitcoin.
Only sell when you need to buy something.
Completely retire by the year 2027.
Then go live happily ever after.
The end.
When someone newly awakened reads about the Jesuit Order for the first time, it can be a profound revelation. The Order reportedly operates with two versions: one presented to initiates and the public, and a concealed version reserved for the Vatican and those who take oaths under its authority.
Those above the 32rd degree are said to pledge their allegiance to Lucifer, according to some interpretations.
@PeterLBrandt Absolutely amazing! Wonderful and scary times ahead! Wonderful for some and at the same time scary for some.
Isaiah 5:20-24
"Woe to those who call evil good, and good evil; Who put darkness for light, and light for darkness; Who put bitter for sweet, and sweet for bitter!"
CNBC: You think the federal government is printing too much money and Bitcoin is a way to protect Floridian’s purchasing power?
Florida CFO: That’s exactly where my head is at on this