The Bitcoin Conference Nashville 2024
We are at the dawn of a new financial revolution, one where digital money and property will lead the way. This is just the beginning of a multi-decade journey.
For centuries, gold, commodities, and land defined wealth and power in ancient empires. From Mesopotamian kings to medieval city-states, rulers leveraged bonds to finance wars and build monumental infrastructure.
The Dutch changed the game with the creation of stocks, sparking exploration and discovery. The Amsterdam Stock Exchange and the limited liability company became catalysts for the Industrial Revolution, driving unprecedented growth and innovation.
Yet, the most profound revolution in finance came from the democratization of property rights. It began in ancient Mesopotamia with the Code of Hammurabi, which laid the foundation for individual ownership of land and goods. This principle evolved through ancient Greece and Rome, where private property was the bedrock of economic and legal systems. However, during the medieval age, property rights decayed under feudalism, where land was controlled by the nobility and the Church, stifling individual ownership.
The Renaissance and Enlightenment reignited the importance of property rights, culminating in the United States Constitution. This monumental document democratized property ownership, embedding protections such as the Fifth and Fourteenth Amendments. It ensured that private property rights became a fundamental pillar of American democracy.
Today, real estate is crucial as the new collateral, empowering individuals with access to credit and opportunities to enhance their lives through productive endeavors. Imagine a farmer mortgaging a house to purchase a new tractor—this is the power of property rights in action.
We stand on the cusp of a new revolution in money. A revolution where power extends beyond gold, commodities, and land to include the digital realm. In today's world, the internet is controlled by the state in China and Big Tech in the US. The time has come to establish digital property rights, and leading this charge is Bitcoin—the monetary layer of the internet.
Politicians like Robert Kennedy, Donald Trump, and Senator Cynthia Lummis champion digital property rights. With 60 million US citizens holding Bitcoin, Donald Trump aims to capitalize on this demographic for his campaign. Lummis proposes a strategic reserve of Bitcoin, likening it to the Louisiana Purchase of the 21st century.
The Bitcoin Conference in Nashville also saw the participation of other influential senators such as Senator Bill Hagerty, Senator Marsha Blackburn, and Congressman Ro Khanna, all advocating for the recognition and integration of digital property rights into our financial system. Bitcoin is from the people, for the people, and must be a bipartisan initiative. It is the digital evolution of property, reflecting the values of democracy and individual empowerment.
Our society is digital, and our assets must reflect this transformation. Digital property is set to become the new collateral of the 21st century, opening vast potential for Bitcoin and other Web 3.0 digital assets. Today, Bitcoin's market cap is around $1.3 trillion USD, with the entire crypto market valued at $2.4 trillion. The future holds even greater promise, not just in replacing gold but in revolutionizing the $300 trillion USD bond markets. This isn't just about crypto; it's about the convergence of crypto and AI, creating new protocols of trust and transforming credit markets.
We are at the dawn of a new financial revolution, one where digital money and property will lead the way. This is just the beginning of a multi-decade journey, as Dan Morehead of Pantera Capital highlighted in Nashville. The opportunities before us are vast and boundless.
Thanks for reading,
Guillermo Valencia A
Cofounder of Macrowise
July 28th , 2024
Nashville , Tennessee