“Capitalism is so great”. Then why do corporations need tax breaks, subsidies, exemptions, grants, bailouts, legal protections, and trade barriers to survive? And when ordinary people ask for help, why is it suddenly called socialism?

Capitalism is a powerful force for good. It benefits everyone, especially those who lean in and help build the future. But it’s under attack (again). Wealth taxes, price controls, government-run grocery stores, asset seizures. Fear is being used as a political lever and an excuse for control. I’ve seen this play out before, it leads nowhere good. I lived in Buenos Aires in 2008 when the Argentine government seized $30B in private pensions to ‘protect’ citizens from the financial crisis. Then they froze access to the dollar and nationalized companies. Within a decade, inflation was over 50%. The elites had miraculously moved their money, leaving regular people to take the financial hit. Politicians are selling collectivism out of the same playbook used by Argentina, Venezuela, and the former Soviet Union: promise protection, concentrate power, tighten the fist. And the costs fall on the poorest people in society who are unable to protect themselves. Capitalism isn't perfect. But it’s far better than every alternative that’s been tried. Millions of people making independent decisions, with the free market rewarding the best ideas, will out-build any central planner.

Under Capitalism you don't work because it's needed, you don't get the profits of your labor, you don't even have any control over who is in charge No, you work doing whatever they want, get whatever they give, and are ruled over by the greediest, most evil people on the planet

Bitcoin Capitalism — my keynote from @BTCPrague 2026. Digital Capital is the foundation for Digital Credit, Digital Money, Digital Yield, Digital Equity, and a universe of Bitcoin-backed products and services. Timestamps: 01:37 - The Four Bitcoin Ideologies and the case for Bitcoin Capitalism 03:29 - Bitcoin as Digital Capital: thousand-year capital with a half-life of infinity 06:12 - Bitcoin network snapshot and ~68% dominance 07:41 - What is money? The Austrian view, the conventional investor view, and “Bitcoin is money, everything else is credit” 09:21 - Digital Money and Digital Credit: bitcoin-backed products for fiat-facing investors 11:28 - Digital Credit: an ~$11–12B asset class that was zero 12 months ago 14:54 - Bitcoin’s opportunity: $1T of bitcoin vs. $1,000T of global capital 15:43 - The 10-dimensional model for reaching stranded capital 16:44 - 1) Asset types: commodities, equities, credit, derivatives, real estate, money, and tokens 18:07 - 2) Capital functions: store of value, appreciation, income, collateral, and payments 19:29 - 3) Custody: self-custody, banks, custodians, broker-dealers, prime brokers, and exchanges 20:34 - 4) Jurisdictions: 664,000 legal and regulatory environments for capital 22:03 - 5) Distribution networks: banks, exchanges, payment networks, and $156T controlled by wealth advisors 23:13 - 6) Account forms: retirement accounts, brokerage accounts, insurance policies, treasuries, and trusts 24:51 - 7) Risk: market, currency, duration, regulatory, credit, technical, security, theft, and counterparty risk 26:03 - 8) Liquidity: transforming $350T of illiquid capital with liquid digital assets 28:02 - 9) Investors: banks control ~$200T and need compliant bitcoin-backed products 30:09 - 10) Product characteristics: fixed rate, floating rate, leverage, callability, fees, and structure 30:45 - The 10x10 matrix for channeling global capital into Bitcoin 31:19 - How $10–20T of capital could expand Bitcoin into a $100T network, moving from $70K to $700K to $7M per bitcoin 32:10 - Bitcoin Capitalism as a Darwinian market: winners, challengers, failures, and 1,400 companies tracked by Strategy 34:53 - Existing bitcoin-backed products: @Trezor, @Unchained, @Fidelity, @Fold_app, @Tando_me, @Relai_app, @CashApp, @HodlHodl, @AnchorWatch, @Meanwhile, $IBIT, $STRC, and $MSTR 40:03 - Digital Capital, Digital Credit, Digital Money, and Digital Yield competing with traditional capital markets 41:03 - Digital Money and Digital Yield: better stablecoins and higher-yield bitcoin-backed products 47:27 - 3 ways to participate: savers, investors, and innovators 49:19 - The aluminum airplane analogy: people buy the product, not the commodity underneath 52:29 - Build a ₿ridge to connect $BTC to the global capital markets 53:42 - 10,000 products, 10,000 needs, and 100,000 corporate efforts to change the world