Gustavo A. Calderón
April 16, 2026·#E55BB5
Bitcoin MusingsFiat Standard
Wall Street thrives on fiat rent-seeking. It prioritizes price speculation over actual Bitcoin ownership. While most firms offer exposure to Bitcoin’s price action, almost none allow customers to hold their own private keys. This is a deliberate strategy to protect their Cantillon-era privileges and prop up the fiat debt-based monetary system.
"Paper Bitcoin" — ETFs, options, futures, and derivatives — extends the life of the fiat system, a system engineered to steadily erode your purchasing power for as long as it remains on life support.
"Real Bitcoin" — self-custodied, private-key Bitcoin — is its kiss of death.
"Paper Bitcoin" — ETFs, options, futures, and derivatives — extends the life of the fiat system, a system engineered to steadily erode your purchasing power for as long as it remains on life support.
"Real Bitcoin" — self-custodied, private-key Bitcoin — is its kiss of death.
