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Betting on Debasement

Why debasement is structural and hard money is rising — plus other takeaways from our interview with investor Luke Gromen.
Betting on Debasement
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As Bitcoin’s Genesis block makes clear, crypto was born from a monetary crisis.

Satoshi’s embedded message of "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" speaks to the fact that fiat currency has become structurally unreliable, manipulated by central banks to rescue failing institutions. Hence his creation of Bitcoin, an alternative form of money, one immune to debasement.

In the sixteen years since Bitcoin’s creation, its founding premise has become an increasingly observable reality in global markets and assets.

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David Christopher

Written by David Christopher

551 Articles View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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