A useful hypothesis.
The plan: market stablecoins to retail all over the planet to bring ~$4 trillion into the treasury market. Once retail investors have been drawn in, create crypto rails so “enormous leverage” can be pumped out to all 4 billion customers
“the US is planning on marketing dollars through crypto rails all over the planet to anybody they can reach on Google Pay, Apple Pay, mobile payment phones. And my suspicion is they’re going to be exceptionally generous with leverage”
“think of this as the pallets of cash that went out to Iraq, except this time it’s going out on the crypto rails”
Fitts notes, however, that is only one part of the plan.
“they are [also] working to build digital tokens for stocks and bonds. Coinbase… and some of the other crypto firms [have said,] We’re going to offer the big cap U.S. stocks with 20 times margin on digital tokens”
“so imagine you’re offering 20-time margin on the crypto rails. You bring in 4 billion people to the U.S. stock and bond market”
“Mark Andreessen about a month ago tweeted out… our current stock market is 68% of the global stock market. Unless something goes horribly wrong within a reasonable period of time, we’re going to be 90%. [This is] what he means”