Implications of Crypto
This document is designed to help readers understand crypto and its role in the rise of tech fascism. Venture capitalists often mystify crypto in order to cover up its true function; however, you do not need to have a technical background to understand it.
Crypto is a financial system created by tech billionaires and venture capitalists. Rather than being the currency and financial system of a sovereign nation-state -- like the dollar and the American stock market -- crypto is a financial system controlled and owned by venture capital, outside of nation-states. Crypto is the financial system of the Network State.
It is a direct challenge to the existing and sovereign financial system of America and countries around the world. It is a vast ecosystem of new financial products created and controlled by venture capital, while subordinating existing assets under venture capital infrastructure through stablecoins and tokenization of stocks, real estate and other assets.
A parallel financial system, crypto is designed to live alongside existing systems while continuously absorbing resources into itself. Crypto has allowed billionaire venture capitalists to amass significant wealth, transfer wealth from sovereign nations and peoples into their infrastructure, and increase their penetration in global markets.
The major elements of the crypto economic system include banks, crypto and stock exchanges, major and minor cryptocurrencies, institutional investment platforms, tokenized real estate and stocks, stablecoins, prediction markets, loans programs, point of sale services, mortgages and more.
Crypto Banks
Venture capital banks are of grave importance. While many people think that crypto exists outside of banks, it rather has its own banking system. Venture capitalists are investing large amounts of money into their own banks, allowing them to invade and supplant the banking system itself, and as part of a strategy to capture as much of the financial markets as possible.
Venture capital's banks include Anchorage Digital, Nubank, Mercury, Cross River Bank, Revolut, Erebor and Augustus Bank.
Anchorage Digital, which advertises itself as the "crypto bank for institutions", is the first federally chartered crypto bank in the United States. It is funded by Andreessen Horowitz, Polychain, BlackRock, Blockchain Capital, Lux Capital and PayPal Ventures, Kraken and Tether, among others. This funding shows how venture capitalists work together to fund the infrastructure for crypto, and integrate it into the global economy through existing financial institutions like BlackRock. Anchorage Digital describes itself as "a global crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure."
Mercury is funded by Andreessen Horowitz, Spark Capital, Sequoia Capital, and numerous individual investors, including Sam Altman's brother Jack Altman, Brad Flora of Y Combinator, and Naval Ravikant. Mercury is for startup businesses, offering checking and savings, loans, access to venture debt financing, business credit cards and payments and invoicing. In May 2026, Mercury raised $200 million is valued at over $5 billion; they claim that one in three US startups use Mercury, and that it is growing beyond its original customer base. It has received approval for a national bank charter.
Mercury is a competitor to Silicon Valley Bank, which collapsed in 2023 after a bank run ordered by several venture capital firms, including Founders Fund, Y Combinator and Andreessen Horowitz. Significant outflow from the collapse of Silicon Valley Bank went into Mercury, which gained over 26,000 customers in the 4 months following the collapse of SVB.
In the immediate aftermath of the collapse, the NY Times reported “The failure of Silicon Valley Bank was caused by a run on the bank. The company was not, at least until clients started rushing for the exits, insolvent or even close to insolvent.”
As the collapse unfolded in 2023, Bloomberg reported that “Founders Fund, the venture capital fund co-founded by Peter Thiel, has advised companies to pull money from Silicon Valley Bank amid concerns about its financial stability, according to people familiar with the situation.” Axios reported: “By Thursday morning, Founders Fund's top operations executives were on the phone, quickly deciding to move firm capital to a number of bigger banks.”
“On a forum for Y Combinator startups, the accelerator’s president Garry Tan wrote, ‘Anytime you hear problems of solvency in any bank, and it can be deemed credible, you should take it seriously.’ In an email thread of more than 1,000 founders backed by Andreessen Horowitz, many entrepreneurs were encouraging each other to pull cash from the bank. David George, a general partner at the firm, weighed in somewhat cryptically: ‘Hi all, We know you have questions about how to handle the SVB situation,’ he wrote. ‘We encourage you to pick up the phone and call your GP.’"
Another bank backed by these same parties, Nubank, is particularly important, as it has become one of the largest fintech companies in Brazil, with over 60% of the adult population as customers, and is expanding rapidly across Latin America, including into Argentina. It additionally has 15 million customers in Mexico and 5 million in Columbia. Nubank offers a crypto platform to buy and sell crypto through an app; it supports Bitcoin, Ethereum, USDC, Solana, XRP, Cardano and many other cryptocurrencies. It has been a major force bringing crypto into Latin America. Nubank illuminates how fintech and crypto companies are part of the incursion on the sovereignty of Latin America, a program that includes installing right-wing politicians, Network State colonies, and industrial projects, as we see in Honduras.
Erebor is another venture capital bank, founded by Palmer Luckey, the founder and CEO of Anduril. Anduril is the largest venture capital weapons startup. Erebor is funded by Peter Thiel's firm Founders Fund, 8VC and Lux Capital. Erebor has received a national bank charter. It received over a billion dollars in deposits within its first two months. Following the capture of Venezuelan president Nicolás Maduro -- an operation that was conducted with Palantir and Anthropic technology -- Erebor is taking steps to insert itself into Venezuela. Bloomberg reporting in May 2026:
"Peter Thiel-backed startup Erebor Bank has pitched itself to top Venezuelan officials on restoring the sanctioned country’s access to the US financial system, an unexpected play by a new firm that’s stepping into a politically sensitive market many global banks still avoid.
Erebor, a bank that got its US banking charter only three months ago, has offered to arrange correspondent lines with Venezuelan banks and set up sub-accounts for their clients, said people familiar with the matter. Such arrangements would make it easier for local firms to open US accounts and help money flow more easily from Venezuela, which remains under some US sanctions.
Jacob Hirshman, a co-founder of Erebor, has made multiple visits to Caracas in the past two months. He has pitched his firm’s services to Luis Perez, Venezuela’s interim central bank chief, as well as the country’s private financial firms, said the people, who asked not to be named discussing private meetings...
The meetings in Caracas took place as part of a search to find quick solutions to boost investment in Venezuela. Erebor met with officials from the country’s private banks, including Banco Nacional de Credito, Banco Mercantil, and Bancamiga, among others."
This event demonstrates how destabilizing of countries in Latin America -- executed with venture capital weapons and intelligence startups -- can provide an entry point for venture capital banks.
In December 2025, the Trump administration granted approval to five crypto trust banks, including Circle, Ripple, Paxos and Bitgo; the Wall Street Journal noting "Banking lobby groups had written letters opposing the trust charter applications, arguing that granting them could threaten the stability of the financial system." Fidelity also received an approval, showing how traditional finance is slowly moving into the space.
Importantly, crypto companies are becoming underlying infrastructure of traditional banking, as in PNC partnering with Coinbase to offer Bitcoin trading to its clients, and Coinbase serving as custodian for BlackRock's Bitcoin and Ethereum offerings.
Traditional banks are increasingly aware of the threat posed to them by emerging venture capital financial infrastructure, with Jamie Dimon of JP Morgan Chase stating in an investor report:
"our rivals increasingly include a large and growing set of nontraditional and fintech competitors globally in areas such as payments, digital banking and investing, and global market making. I’m not going to mention all their names, but you can imagine that we study and track over a hundred of them.
While we have been able to grow, many but not all of the new players have been quite successful and continue to raise both money and their ambitions. In addition, a whole new set of competitors is emerging based on blockchain, which includes stablecoins, smart contracts and other forms of tokenization....
We need to roll out our own blockchain technology and continually focus on what our customers want in a very detailed way."
This tension has been seen with other financial institutions; Fortune reporting in December 2025: "A quiet fight between two of the most powerful names in finance burst into the open last week. In a letter to the Securities and Exchange Commission, Citadel Securities complained that crypto interests are poised to damage the U.S. stock market and harm consumer protections with a pell-mell rush into decentralized finance (DeFi). The firm didn’t directly say who it regards as responsible for this state of affairs—but it’s enough to guess from the footnotes, which refer to the venture giant Andreessen Horowitz more than 10 times."
In March 2026, Politico reported "President Donald Trump met privately on Tuesday with Coinbase CEO Brian Armstrong before publicly backing the company’s position in an ongoing lobbying clash with banks that has derailed a major cryptocurrency bill, according to two people with knowledge of the matter". This is only one of a series of events indicating corruption of the United States presidency by crypto interests.
The Federal Reserve
The central bank of the United States has long been a target of the crypto industry, with Peter Thiel stating in 2022 “Bitcoin is the most honest market in the world. It’s the most efficient market… It is telling us that the central banks are bankrupt, that we are at the end of the fiat money regime.” From reporting by Gizmodo: "According to Thiel, Bitcoin’s slow adoption is also due to the fact that Federal Reserve Chair Jerome Powell is too ungrateful to the gods of digital finance to see the opportunities it presents. 'I think the central bankers—Mr. Powell, people like that—should be extremely grateful to Bitcoin,' Thiel went on, 'Because it’s the last warning they’re going to get. They’ve chosen to ignore it, and they will have to pay the consequences for that in the years ahead.'"
Indeed, America's central bank was recently captured by the venture capital cartel, as pro-crypto Kevin Warsh was confirmed by the Senate as chair of the Federal Reserve on May 13, 2026, replacing Jerome Powell. From reporting by CNBC: "Warsh’s connection to [Palantir founder Alex] Karp and other titans of Silicon Valley such as reclusive PayPal co-founder Peter Thiel, Yahoo founder Jerry Yang and prominent venture capitalist Marc Andreessen go back decades — to college at Stanford and to investments made alongside some of them beginning soon after Warsh resigned as a Fed governor in 2011. Those connections and his focus on tech investments have shaped Warsh’s almost evangelical view of how new technologies will transform the U.S. economy — a view that could change how the Fed runs monetary policy and what rate policies it pursues." Warsh has disclosed over 30 investments in crypto, including Polymarket, Polychain and Solana, as well as startups in digital asset exchange, neobanks, ethereum infrastructure, and crypto investment and trading platforms.
In his senate confirmation hearing, Warsh re-iterated his support for Bitcoin and crypto:
Senator Lummis:
Quick yes or no. Do you believe that digital assets should be incorporated into our financial industry so Americans have new investment opportunities and consumer protections?
Kevin Warsh:
Senator, digital assets are already part of the fabric of our financial services industry in the United States. Yes.
Upon his confirmation, the pro-crypto Senator Lummis stated: "The Federal Reserve has needed reform for a long time. With Kevin Warsh confirmed as Chair, American businesses and digital asset holders finally have a leader at the Fed who is ready to deliver it."
With new influence in the Federal Reserve, crypto interests could potentially exploit its mechanisms for their own gain, including changing interest rates, manipulating inflation and liquidity, changing regulations, manipulating bailouts of financial institutions, and opening access to the Fed's payment rails to crypto companies. The Federal Reserve has huge influence over the national and international economy.
A week following the senate confirmation, the American Reserve Modernization Act of 2026 (ARMA) was introduced to Congress; the bill would establish a Strategic Bitcoin Reserve, acquiring up to 1 million bitcoin, as well as a stockpile for other cryptocurrencies; the US is already the largest nation-state holder of Bitcoin from asset seizures and forfeitures, but the bill is significant as it would mandate the United States government to proactively purchase cryptocurrencies.
Other sovereign nations are also accumulating Bitcoin. El Salvador holds over 7,500 bitcoin. Abu Dhabi's sovereign wealth funds hold more than $1 billion through BlackRock's Bitcoin ETF, and the UAE is mining Bitcoin. Saudi Arabia's Central Bank holds shares of MicroStrategy, providing indirect exposure to Bitcoin. The UK and Bhutan also hold Bitcoin.
After many years of development, crypto is now a fully featured financial system able to compete on the global stage, and with sovereign financial systems.
Stock Exchanges
A significant development in crypto is the creation of stock exchanges by crypto companies.
Coinbase, one of the largest crypto companies, is backed by Andreessen Horowitz. Coinbase is rapidly building out a stock platform as part of its goal to build the "everything exchange." In February 2026, Coinbase announced that stock trading in the US was open on its platform, stating "Stock trading is now fully available to all Coinbase users in the United States. You can now buy, sell, and manage stocks and ETFs right alongside your crypto holdings – 24/5, with zero commission. This milestone bridges the divide between traditional investments and the digital asset economy, allowing users to manage a unified portfolio – all within a single app and account." It has launched the "Coinbase 50" index, explicitly modeled after the S&P 500, to give investors exposure to a large portfolio of crypto assets.
Coinbase's Base super-app, launched in July 2025, combines social features with a robust app store of financial products, products for creator monetization and retail transaction. Coinbase's Base infrastructure is designed to create a new financial backbone for global commerce, and to replace the "legacy" financial system, including the existing stock market. A Coinbase executive said "Base’s north star is to build a global economy, on-chain… We are going to bring $1 trillion+ assets to Base and it’s going to happen faster than anyone expects – still day one." The same executive has stated "every asset in the world will be on Base." Crypto's higher-level services -- like stock exchanges -- propose a power shift from existing financial systems towards the venture capital financial apparatus.
On its Q1 2025 earnings call, Coinbase CEO Brian Armstrong said “our goal is to be the number one financial services platform in the world across each of the customer groups we serve, with crypto rails eventually powering the majority of global GDP… we believe crypto rails are poised to power an increasing share of global GDP and update every aspect of the financial system over time.”
Coinbase continues to rapidly add new assets to its platform. Coinbase has launched the first crypto-backed mortgages in partnership with Fannie Mae, stating
"millions of Americans have built meaningful net worth in digital assets. Until now, borrowers have not been able to get credit for those assets in the traditional mortgage underwriting process without first liquidating them. That forces a tradeoff: sell long-term holdings and forgo future upside while also potentially triggering capital gains taxes, or miss out on homeownership altogether.
Crypto-backed mortgages change this by solving a key friction impacting all of the above: liquidity. These mortgage types allow crypto holders to secure a home loan without needing to have 100% of the required cash upfront, and without being forced to liquidate their crypto holdings...
These new crypto-backed mortgages are the first step in integrating crypto into the core plumbing of the U.S. housing finance system. This is what the Everything Exchange vision looks like in practice: not just trading every asset class onchain, but making those assets usable in the real world."
Coinbase has also launched stock perpetual futures to traders outside of the United States, noting in a press release: "This launch strengthens Coinbase’s position in international derivatives and advances our long-term strategy of building the Everything Exchange where traders can access crypto, traditional, and emerging assets side by side. Stock perpetual futures allow traders to gain leveraged, synthetic exposure to publicly listed US stocks with continuous, 24/7 trading."
In April 2026, Coinbase was granted a conditional approval to charter its Coinbase National Trust Company.
Investment in crypto infrastructure by venture capitalists is ongoing; in March 2026, Bloomberg reported that Andreessen Horowitz was raising a new $2 billion crypto fund. In February 2026, Ribbit Capital, a major crypto VC firm, announced it was raising $500 million. Crypto venture capital fund Paradigm is raising $1.5 billion, with plans to expand into robotics and AI. Dragonfly raised $650 million in February 2026.
Crypto and the Network State
Crypto is powering the rise of the Network State. The Network State is a distributed nation-state started by tech billionaires and venture capitalists, made up of distributed colonies or "nodes". They are building the Network State via "parallel" systems, such as their colonies, media outlets, social media, crypto, governance structure, and so on.
The parallel system/society is described in the Network State book as "draining citizens away from the establishment." Similarly, crypto drains assets away from nation-states and their citizens, and into the venture capital system.
All Network State sites promote and use crypto, much of its funding comes from crypto investors and gains, and it is organized by crypto venture capitalists and startups. The Network State site Praxis, backed by Sam Altman, Peter Thiel, Marc Andreessen and major crypto companies like GEM Digital, is a key example. Praxis has called the Network State "crypto's end game", stating "As Nation States falter, Network States – aligned onchain communities with aspirations of statehood – will emerge as the next global political paradigm. Network States offer a path to crypto’s next wave of adoption by integrating onchain infrastructure into the parallel institutions supplanting the global system’s core functions. Praxis is building the world’s first Network State: an onchain community crowdfunding projects aimed at realizing our vision for the future – starting with a new city." The current status of the project is to be determined, but Praxis attempted to buy Greenland in 2023.
The fundamental definition of the Network State, as provided in the book The Network State by Balaji Srinivasan, includes "an integrated cryptocurrency". Balaji Srinivasan was a long-time partner at Andreessen Horowitz, and former CTO of Coinbase. Brian Armstrong, the CEO of Coinbase, has stated "Crypto's destiny is to help create physical territories (special economic zones) in the world where freedom is preserved. This process has already begun." Special economic zones, or SEZs, are the main way that the Network State achieves land and lawlessness.
On the heels of Trump's inauguration, Coinbase announced its investment in Próspera, the Network State colony in Honduras. Per CEO Brian Armstrong: "We’re excited to invest in @ProsperaGlobal which is creating special economic zones in various countries (the first one in Honduras, hopefully eventually in the U.S.). This is very much in line with our mission of creating economic freedom, and these zones will be heavy users of cryptocurrency. They may start small but can eventually help improve entire countries."
Attack on Democracies and Institutions
In the United States, advocacy for cryptocurrency has taken the form of major attacks on United States regulatory bodies by venture capital, as well as massive election manipulation. In 2024, venture capitalists poured hundreds of millions of dollars into manipulating the US election through super PACs Fairshake and Stand with Crypto. These were started and supported by venture capital firms and crypto companies like Coinbase, Gemini, Anchorage Digital, Kraken, OpenSea, Paradigm and others. Additional funds flowed into the Trump campaign through major donations from crypto barons like Marc Andreessen and a large web of crypto companies and venture capitalists.
Crypto now benefits from a corrupted administration. In 2025, a DOJ official nominated by Trump "ordered an end to investigations into crypto companies, dealers and exchanges launched during President Joe Biden’s term. He also eliminated an enforcement team dedicated to looking for crypto-related fraud and money-laundering schemes." New legislation, designed by crypto companies, venture capitalists and super PACs, is making its way through government bodies and paving the way towards more adoption and optimal conditions for the crypto industry. These include the CLARITY Act, a regulatory framework for crypto, and the GENIUS Act, regarding stablecoins. While industry rhetoric has at times tended to discussion of replacing the dollar, it is more accurate to say that venture capitalists are looking to subsume the dollar, so that it becomes one of many currencies traded on their platforms in the form of stablecoins.
Crypto funds continue to be a significant force in elections. Andreessen Horowitz, one of the top crypto VCs, is the leading donor in 2026's mid-term elections. Follow the Crypto, a site tracking campaign donations from the crypto industry, states that cryptocurrency companies and their associated individuals have spent more than $320 million to influence 2026 elections, with super PACs spending $53 million.
Crypto is fundamentally motivated to disrupt and supplant existing financial systems, so that those resources can be onboarded onto its new financial systems. Crypto is incentivized to move existing resources and assets from sovereign, nation-state financial systems into itself. This puts it in a hostile position to the nation-state. In every market it enters, it must compromise the government and attack the regulatory infrastructure to be adopted.
It emerges that cryptocurrency causes the transformation of democracies with sovereign currencies, into far-right, authoritarian states backed by cryptocurrency and corrupted by venture capitalists. We see this in the United States, where crypto companies compromised the United States election to pave the way for the rise of crypto. In El Salvador, under a far-right dictator, Bitcoin has been adopted as legal tender and turned into a reserve asset as Bitcoin mining becomes a key industry, crypto tourists flood the country and foreign venture capitalists are installed in the government. The administration is working to build "Bitcoin City" and is often referred to as "Bitcoin Country" as the country is internationally condemned for human rights abuses and has locked up over 1% of its population. The international crypto body is increasingly active in the election of far-right politicians globally, as seen when the fascist Javier Milei of Argentina was elected amid a flurry of crypto activity and Bitcoin gained 3% on his election.
Crypto is a mechanism through which tech fascists can enter foreign countries, corrupting politicians and interfering in democracies, promising financial freedom and prosperity, but in reality building power, extracting resources and exploiting labor. This has been called crypto colonialism by many observers, epitomized in the Network State colony of Próspera in Honduras -- backed by Marc Andreessen and Peter Thiel, two of the biggest crypto VCs.
Right Wing Networks
Right-wing extremists have long used cryptocurrency to raise funds for their causes, and in order to evade bans by established financial institutions and services. Crypto has funded numerous hate sites including the neo-Nazi website Daily Stormer. Richard Spencer has called Bitcoin the “currency of the alt right”. Hatewatch, from the SPLC, states "The extreme far right’s early embrace of cryptocurrencies such as Bitcoin and Monero has allowed them to expand their movement and to obscure funding sources," and is tracking cypto addresses used by hate groups including 8chan, Infowars, Bronze Age Pervert (a key influencer of tech fascism), Committee for Open Debate on the Holocaust, Gab, KiwiFarms and White Date. This points to how crypto has been used to fund a far-right "parallel media", a major pillar of the Network State. Rumble, a far-right version of YouTube funded by JD Vance, now supports cryptocurrency on its platform, and is accumulating Bitcoin.
Crypto is widely documented for early and disproportionate adoption by the right, as well as the spread of right-wing ideology. This is explored in the book The Politics of Bitcoin: Software as Right-Wing Extremism, published in 2016:
"in the name of this new technology, extremist ideas were gaining far more traction than they previously had outside of the extremist literature to which they had largely been confined. Dogma propagated almost exclusively by far-right groups like the Liberty League, the John Birch Society, the militia movement, and the Tea Party, conspiracy theorists like Alex Jones and David Icke, and to a lesser extent rightist outlets like the Fox media group and some right-wing politicians, was now being repeated by many who seemed not to know the origin of the ideas, of the functions of those ideas in contemporary politics. These ideas are not simply heterodox or contrarian: they are pieces of a holistic worldview that has been deliberately developed and promulgated by right-wing ideologues."
Wealth Concentration
The financial future of venture capitalists depends on the success of the crypto financial system. In 2024, cryptocurrency was a significant contributor to the accumulation of venture capital wealth, with Bitcoin's value increasing by more than 120% to over $100,000, and massive gains in the market cap of major crypto exchanges like Coinbase and Robinhood. As crypto entered a bull run, the wealth of the tech class exploded. Venture capitalists, as the biggest crypto investors, saw the value of their companies increase dramatically. In 2025, Bitcoin hit a high of $126,198. Amidst tariffs on China, the ongoing genocide of Palestinians, and escalating violence with Iran, 2026 has seen lower prices, but crypto companies continue to secure the market and cryptocurrencies have a market cap of over $2.6 trillion. With the CLARITY Act, a crypto-friendly chair of the Federal Reserve, and ongoing development, the market is becoming bullish once more.
Despite promising financial freedom and prosperity, the distribution of Bitcoin is far more unequal than even the American financial system -- "approximately 2.4% of Bitcoin addresses control roughly 95% of the total supply, creating a wealth distribution pattern more skewed than most traditional financial assets". This suggests that ownership is for a small ruling elite. Concentration will only continue as the cost of Bitcoin rises, and is baked in so deeply that it is unlikely to ever reverse. According to a late 2025 report, "At the apex of the crypto wealth pyramid, the number of ultra-wealthy individuals is rising sharply: 450 centi-millionaires now control crypto portfolios worth USD 100 million or more, up 38% since last year, while the number of crypto billionaires has climbed to 36, an increase of 29%. This significant growth coincides with a watershed year for institutional adoption, highlighted by the first-ever cryptocurrencies launched by a sitting US President and First Lady."
Bitcoin holders -- heavily leaning towards the tech elite -- grow more and more wealthy by the day, producing a new class of crypto multi-millionaires and centi-millionaires, many with the far-right politics of its origins. Meanwhile, poor people are unable to benefit from this wealth grab as they don't have money to invest, or the ability to hold assets over long periods.
Cryptocurrency has been used to scam billions of dollars from the America people. In 2023, the FBI received more than 69,000 complaints and $5.6 billion in reported losses. By 2025, this number has risen to 181,565 complaints of cryptocurrency fraud totaling more then $11 billion. Many others lose money, and sometimes their entire life's savings, in gambling on memecoins and other speculative crypto products.
Bitcoin Maxis
Bitcoin Maxis are people who believe that Bitcoin is the best "currency", and that Bitcoin is or will become the most important financial system in the world, subsuming most or all competitors. Such events, of course, would cause their Bitcoin investments to reach maximum value.
Bitcoin Maxis are often evangelists who promote their financial ideology through books, podcasts, social media and conferences, aiming to enshrine Bitcoin as more than a technology, but a total economic solution to global problems. Many believe that the global economy will be moved or forced onto Bitcoin and all other currencies will become subordinate or eliminated.
Michael Saylor of Microstrategies -- a publicly traded company that gives investors indirect exposure to Bitcoin and is widely considered a grift -- is one of the most prominent Bitcoin Maxis in the world. He has stated "Over a long enough timeline, everything is going to zero vs. #Bitcoin" and argued: "Bitcoin links together 8 billion people, links together a hundred million companies, it synchronizes the world across political jurisdictions, and it returns rationality to the entire financial system, and it returns freedom and property rights to the entire human race." He told CNBC "Ultimately, I think the right way to think of it is, it's always going to be the stronger capital asset versus a conventional S&P index." More choice quotes: "Bitcoin is money. Everything else is credit" and "Bitcoin is the solution. Everything else is noise".
This sentiment has been echoed frequently by Bitcoin Maxi Max Keiser, who serves as the senior Bitcoin advisor to El Salvador's dictator, Nayib Bukele; stating "Everything goes to zero against Bitcoin."
The attitude of Bitcoin Maxis is well summarized by the book The Bitcoin Standard by Saifedean Ammous, another economic advisor to El Salvador. Ammous consistently and ahistorically portrays past currency collapse caused by colonialism and imperialism, as the result of superior monies replacing inferior ones. Ammous and the work of other Bitcoin Maxis presents a picture of currency collapse via colonial invasion and economic attack, of Bitcoin as the superior currency winning out over "inferior", sovereign currencies, and of transition onto Bitcoin a matter of inevitability... whatever the fallout.