Everyone acknowledges that the early Bitcoiners who are today’s whales were of the anarchist ilk. Anti-state, anti-government, anti-bank type people.

What no-one talks about when throwing out multimillion dollar valuations of #Bitcoin is what a new financial elite class full of these people might look like.

They didn’t HODL for the gainz. NGU is a means to an end for them.

These early adopters want separation of money and state at minimum. They’d probably rather no State but ironically will benefit most from States waking up to the game theory at play here.

So what does the world look like when these guys (and yes, they’re all guys) are sitting on hundreds of millions of dollars / billions in liquid Bitcoin?

Do you think they just drop their disdain for the fiat system? They gonna “cash out”? Lol, into what?

I’m sure they’re going to be living good lives, but you can order a hit for four-figures today. What’s stopping them from using prediction markets to put prices on politicians heads and manipulate those markets how they want it?..

No-one talks about this perhaps because no-one wants to think through the implications of a new financial elite who hates the incumbents so much they’d be willing to end them; but there’s hopium and there’s reality. Reality says they aren’t just going to sit on massive wealth and do nothing whilst parasites continue being the worst humans on the planet plundering everyone else.

I hope TradFi pumps their bags so hard that they make the people they hate the most into the new elite class.

We’re due a reset of this level and they won’t even see it coming.