The USA is the most entrepreneurial country in the world. As long as that continues, our debt is an investment in our future and holders have USAD that gives them access to it. Our Intellectual Capital may not show up in GDP, but it drives innovation and the global economy
Our financial risk is less that amount of debt we have on our balance sheet and more the question of whether we support great entrepreneurs from home and attract those from around the world.
It's alarming the number of Crypto Investments I have made in companies and organizations started by AMERICANS that have moved overseas because of their fear of American legal uncertainty. We are talking multiple companies with marketcaps in the BILLIONS. This needs to change
The change in business that blockchain based applications will force is at least equal to the impact of the internet. We need to give these companies a reason to stay, not a reason to go. Otherwise we may find ourselves losing that position as the most entrepreneurial country.
And if we are no longer the home of innovation, then we truly may lose our place as the world's reserve currency. It's time for our politicians and CEOs to wake up and understand just what is happening in the crypto world. It's 1995 all over again. We Freed the Net. #FreeCrypto
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