🎙 Matt Huang is the co-founder and managing partner of Paradigm.
• Sovereign nations can no longer afford to ignore Bitcoin.
• From a game theory perspective, Bitcoin is like gunpowder, not an iPhone. → Christopher Nolan can afford not to use an iPhone; his willful Luddism may even lead to less addiction and more creativity. → But once gunpowder was invented, every sovereign nation was forced to adopt it... or lose. → The same is true today for AI, drones, and other key technologies.
• Now that the Overton window has opened for U.S. Bitcoin adoption, other sovereign nations will not wait. → Nations that start building Bitcoin reserves early will benefit from significantly more favorable entry prices.
• The race to build Bitcoin reserves is on.
Bitcoin as a federal reserve could be approved in 2025❓
🤩 US approves, at least 10 countries follow suit [ultra bullish].
💘 In the US in 2025, maybe a couple more countries.
😎 Not in the US, but a few other countries will.
😢 Nowhere will approve in 2025.
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