In 2024, Donald Trump did something no major party presidential candidate had done before: he courted the Bitcoin and crypto community directly, spoke at Bitcoin Nashville, and positioned himself as the industry’s champion. Millions of us who believe in financial sovereignty, decentralization, and the separation of money and state saw an opportunity. Many voted accordingly.
What a difference eighteen months makes.
A recently agreed-upon two-week ceasefire between the U.S. and Iran is very fragile. The conflict, which began on February 28th with actions by the U.S. and Israel, has already resulted in American casualties, damaged schools, disrupted shipping through the Strait of Hormuz, and caused global economic instability. The president, despite promising to end wars, made a threatening statement suggesting catastrophic consequences, which Iran’s UN ambassador labeled as a call for genocide. There’s ongoing debate about whether attacks on essential infrastructure like bridges and power grids constitute war crimes, and tragically, children have died in Tehran.
This is not what we signed up for.
The Bitcoin community did not coalesce around a political candidate so that he could become the latest patron of the military-industrial complex. The very machine, by the way, that Bitcoin was conceptually designed to defund. Satoshi’s whitepaper was published in the wreckage of 2008, a year when the Federal Reserve printed billions to bail out banks while governments spent trillions waging wars most citizens never asked for. Bitcoin was, from its genesis block, a protest against exactly this: the unchecked power of states to debase currency in service of violence.
I want to be clear about something: the crypto community’s natural disgust for war is not a political posture. It is a foundational value. We believe that when governments can’t print money at will, they can’t wage wars at will. That is the entire point. What is happening in Iran is a humanitarian catastrophe. Reports of children killed in residential neighborhoods, a major university bombed, human chains of young people forming around power plants to shield them from American missiles. These are not abstractions. They are the human cost of the very system Bitcoin was built to opt out of.
The recent two-week ceasefire, arranged with help from Pakistan, is very delicate. Iran has agreed to talks in Islamabad starting Friday. However, past attempts at diplomacy have been disrupted, as we’ve seen with the assassination of an Iranian intelligence chief during the conflict and threats against negotiators. The repeated setting and then extending of deadlines has also made the process seem like a show. It remains to be seen whether this ceasefire will last.
The basic economics remain the same: wars are expensive, and governments must find the money to pay for them. When tax revenue isn’t enough, they essentially print more money. This creates inflation, reducing the value of people’s earnings. Every military action – from bombing bridges to deploying aircraft carriers – is financed with U.S. dollars, increasing the national debt and putting pressure on the Federal Reserve. Ultimately, this weakens the dollar’s position as the world’s primary reserve currency.
Bitcoin fixes this. Not through slogans, but through mathematics. A hard cap of 21 million. No Federal Reserve. No emergency printing. No backdoor funding of wars the public never authorized.
To my fellow travelers in the Bitcoin and crypto space: I understand the disillusionment. Many of us believed that political engagement would accelerate adoption and protect our industry. But we should never have expected a politician, any politician, to embody the values of decentralization. That was always our job. Bitcoin doesn’t need a president. It needs users. It needs people who look at what’s unfolding on their screens right now and decide they’d rather hold an asset that no government can inflate to fund the next war.
If the intent of Trump as the de facto “ Bitcoin President” is to embolden our beliefs more in voting with our feet, in selling more USD for BTC, then he’s doing a hell of a job.
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2026-04-08 14:27