Formerly VP of Business and Data @Coinbase, COO @NerdWallets, VP of BizOps and BizAnalytics @LinkedInk, Board Member @CareDotCod. Respect data and pursue truth.
Thrilled to be launching the Bitwise Chainlink ETF, $CLNK today —
@chainlink has been relentlessly executing for 8+ years.
Building the behind the scenes infrastructure needed for the world to come onchain.
They dominate their category, and we believe it’s just getting started.
Thrilled to now provide investors access with $CLNK.
A key way Bitcoin is different than equities: reflexivity.
When a stock goes up, the multiple does up. At a certain point, people say, "this is over valued" and become less interested until the price goes down.
Bitcoin is different.
When Bitcoin's price goes up, people view it as more likely that it will succeed, and therefore be even more valuable. And so it's likely to go up even futher.
A powerful dynamic.
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Is the United States playing #Bitcoin chess while the rest of the world plays checkers?
Imagine you know the dollar endgame is near.
You've crossed the debt event horizon, and all that is left is for the US monetary system to eventually implode in a sovereign debt supernova.
What do you do? Wait for the inevitable? No.
You accelerate everything, and then exit-scam into the next global reserve asset before the rest of world even knows what hit them.
But how exactly?
1. Flood the world with dollars. Ignite global inflation.
2. Jack interest rates to the moon. Debt-laden Europe, China, etc. caught flat footed. Provoke wars to distract further.
3. In the meantime, blow up the crypto ponzis to scare everyone away and get Bitcoin prices as low as possible.
4. Pull a sudden 180 on #Bitcoin and get every American boomer, corporation, pension fund, etc. into BTC as quickly as possible via the BlackRock ETFs.
While the BRICS play around with their Gold, China tries to hold its real estate ponzi together, Christine Lagarde buys some more Hermès scarves...
The US rapidly monetizes its debt with printed dollars.
BTC goes to $10 million+, US sovereign debt goes to zero.
US entities are protected from the debasement via their Bitcoin portfolio insurance.
El Salvador becomes the Singapore of the west.
@maxkeiser lives up to his last name and becomes Ceasar of a new island nation.
BTC becomes the new global reserve asset, with the majority held by US entities.
BTC forces fiscal responsibility onto US Federal government, parasitic politicians die out, US returns focus to builders like @elonmusk and attracts global talent.
The pendulum swings away from wokeness and the US returns to founding ideals.
Freedom of speech, religion, press, etc.
"Life, Liberty, and the pursuit of Happiness."
Small federal government, minimal foreign intervention (once upon a time the default stance of Americans).
AI advances unlock abundant energy, clean water, medical advances, etc.
US exports abundance to rest of world. Conflict over resources ends.
Bitcoin is the reserve currency of the machine economy.
Prices fall, Bitcoin purchasing power rises, humanity thrives.
~~~~~~~~~~
Now imagine for a second that this story has even a small chance of playing out...
If you're a competitor nation state, do you wait around to find out, or do you start stacking BTC immediately now that you see BlackRock going full-tilt into it?
We could be in the early stages of a global Bitcoin stack-off that leads to hyper-Bitcoinization.
Nations wouldn't be stacking for gains.
They'd be stacking to insure their wealth against the scenario outlined above.
Which means they wouldn't care about price, cycles, etc.
They care about exposure to the finite 21 million coins.
Reminder: They're all armed with money printers.
And the first one to print their currency to buy Bitcoin gains the biggest advantage.
Which means things could get really weird, really quickly.
I'm so grateful and excited to share that @indusvalleycap has closed $17.5M in its debut fund to help founders build the most transformational companies in Pakistan and turn Pakistan into a top 5 tech hubs globally in the process https://t.co/NzkyxKGZIW
So Twitter hive. . .@JRussII is a rare one—brilliant, strategic, and full of grace. Real CMO material with a killer pedigree; @Google, @NerdWallet, @BCG, @zapier, @StanfordGSB. I'm better for every day we had together @coinbase.
Whoever scoops him up will be wayyyy lucky.