저자: AnthonyPompliano · 외국인
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결론: 켄 그리핀의 '달러에 대한 지하드' 발언은 틀렸고, 비트코인은 미국적 기술로 달러 구매력 보호에 도움이 된다. 그리핀 발언 비판: 그리핀 본인도 달러 현금 비중이 낮고 부동산·예술품 등 자산으로 자금을 옮기고 있어 달러를 믿지 않는 것은 마찬가지라고 주장한다. 달러와 인플레이션: 최근 18개월간 유통 달러의 약 38%가 새로 발행됐고, 현금 보유는 연 5~6% 수준의 구매력 손실을 야기한다고 말한다. 미국인의 55%는 이미 투자를 하고 있고 45%는 아직 하지 않아 손해를 보고 있다고 주장한다. 비트코인의 성격: 비트코인은 검열 저항성, 누구나 참여 가능한 글로벌 결제망, 권위주의 국가의 통제를 벗어나는 자유 기술이라고 강조한다. 중국의 금지는 기술의 위협성을 방증한다고 본다. 에너지 산업: 미국 석유·가스 및 에너지 기업들이 비트코인 채굴과 네트워크 보안에 참여하며 성장하고 있다고 언급한다. 통화 경쟁: 트위터의 스트라이크·라이트닝 네트워크 통합으로 달러를 즉시 무료로 전 세계에 송금할 수 있으며, 앞으로는 여러 통화가 공존하는 다통화 세계가 올 것이라고 본다. 스탠리 드러켄밀러 인용: 연준의 통화정책이 세계 부의 불평등에 가장 큰 영향을 미치며, 비트코인이 이를 해결할 수 있다는 견해를 소개한다. 패널 의견(존): 달러 대체 논쟁은 과장이며, 미국이 혁신을 수용해 온 것이 긍정적이다. 그리핀의 불만은 기존 금융 질서 보호 및 자신의 이익과 관련 있다고 본다. 제이미 다이먼과 같은 전통 금융인의 입장과 유사하다고 해석한다. 리스크 관련: 명시적인 가격 목표나 단기 가격 방향 예측은 없고, 장기적 구조 변화 관점의 주장이 중심이다.
다듬은 글
ken griffin yesterday had some choice comments he called the crypto mania a jihadist call against the dollar okay he's a hedge fund billionaire he's criticized the amount of time and energy spent on cryptocurrencies saying it's the jihadist call that some people don't believe in the dollar he's the founder and chief executive officer and the co-chief investment officer of citadel and here's the quote he said i wish all this passion and energy that went into crypto was directed toward making the united states stronger what a crazy concept this is that we as a country embrace so many bright young talented people to come up with a replacement for our reserve currency now this is really interesting because ken griffin doesn't believe in the dollar either ken griffin actively moves billions of dollars out of dollars as fast as he can ken griffin's cash position is small on a percentage basis if ken griffin is so patriotic and believes in the dollar why doesn't he have 100 of his wealth in dollars why is he buying hundreds of millions of dollars of real estate every year he's abandoning the dollar he's actively working to get out of the dollar and get into other assets it's because if ken griffin like the rest of us held dollars he would be losing purchasing power he understands better than anyone you have to get out of cash and get into investments those investments have all sorts of different criteria different pros and cons some of them are illiquid some of them are liquid some of them are hard assets some of them aren't some of them have cash flows some of them don't but ken griffin's in the business of not only taking his own dollars and converting them into other assets but then he goes and he asks other people other people give him dollars and he converts them into other assets that is the entire business is to convert dollars and do other assets it doesn't make him unpatriotic in fact i think he's a super patriotic guy i think he really believes in america i think he believes in doing good in the world i think he believes in giving people jobs and doing the best that he possibly can from a philanthropic standpoint etc i think ken griffin is a stand-up guy but there's no difference in ken griffin working to get out of the dollar than me or anyone else everyone is trying to get out of the dollar 38 of the dollars in circulation were created in the last 18 months politicians don't hold dollars the president doesn't hold dollars the hedge fund billionaires don't hold dollars and neither does anybody else 55 percent of americans have actively taken dollars and converted them into investments 45 percent of americans haven't yet they're the ones who are being hurt holding dollars doesn't make you patriotic it makes you an idiot because that is how you actually become worse off this is a story as old as time it's why your grandparents or your great grandparents told save and buy real estate buy stocks invest your money don't buy it on material goods don't spend it on those material goods this is exactly how you build a life of health wealth and financial security but this idea that this is a jihadist call against the dollar is exactly wrong because bitcoin is an american technology bitcoin is the most american technology available today this is what the legacy system is missing an authoritarian centrally planned communist country like china has banned it because they understand what the technology is the technology gives individual rights personal liberties and sell sovereignty back to individuals it protects their purchasing power it allows them to know that they have financial security bitcoin is an american technology it embodies every single ethos of our country and on top of that not only is it an asset that allows people to protect their purchasing power by owning the asset but there's also payment rails that prevent a resilience to censorship and prevent having to ask permission of anyone to use those payment rails it's the most american payment system in the world it's global there's nobody in charge it's all democratic access driven payment systems anyone in the world regardless of your race your wealth your education who you know where you live what language you speak what your religion is how you identify any aspect of you as a human does not matter if you have an internet connection you're invited you can participate in the system it is the most american payment system in the world and on top of that we now have the oil and gas industry the pinnacle of american capitalism they're all in on this we are seeing an immense eruption in growth of energy producers in the united states moving their energy to support the bitcoin network to secure that network to participate in the mining programs that is where america is going the people at the top haven't yet realized it but this is the censorship resistant technology this is what protects your purchasing power this is what the american capitalists are going to do and the winners of the future are going to be the ones that get on board the win the losers of the future are the ones who are going to completely avoid it to say that getting out of the dollar into an investment is a jihadist call is exactly what a rich person would say instead i would say we should do the best we possibly can to not only make the 55 of people who hold investments get allocated but on top of that the 45 of americans who have no investments at all we should work our asses off to educate them and get them invested as well doesn't matter what the asset is that they buy we just have to help them get financially educated so they can actually get into the market most portfolios pension plans and large organizations they still have 35 40 of the investments in negative yielding real return assets like treachery bonds is that what we should do should we tell people to buy assets that are guaranteed to lose money that doesn't make a lot of sense and on top of that when you start to understand that bitcoin actually is a boom for the dollar it is not competitive with the us dollar twitter just integrated with strike in the lightning network i can now send dollars across the lightning network to anyone in the world instantaneously completely for free it completely disrupts all of the legacy payment systems but i use dollars i send dollars and the person on the other end receives dollars that is the future it doesn't mean that the dollar is going to go away in fact what it means is that the payment rails are going to support all currencies any currency can be used i can use dollars i can use euros i can use yen yuan or i can use bitcoin but there is a multi-currency world that is coming and if you think that simply because now there is global monetary competition that's a jihadist call you might be somebody who doesn't really understand what's going on here because this is american technology this is a technology that brings freedom around the world imagine how much pain and suffering is delivered by dictators and people who abuse their monetary policy and punish their citizens push them further and further into dire financial situations now if those people simply buy bitcoin they're protected they don't have to worry about is my government good or bad are they going to censor me are they going to confiscate my assets bitcoin is a freedom technology it's the most american technology we have and it's disappointing to see people who have built a life of wealth off the back of those american ethos turn and say hey this doesn't help people it's probably going to do more for the world than all philanthropy combined because it's going to solve from a first principle standpoint stanley druckenmiller another wall street peer to ken griffin somebody that ken griffin probably respects and stanley definitely respects ken griffin as well stanley druckenmiller has clearly stated that the federal reserve and the monetary policy is the number one contributor to wealth and equality in the world bitcoin fixes that and so to say that the same thing that's going to fix the wealth inequality gap is a jihadist call makes zero sense to me what do you think john you need opportunity money but cash is trash you do not want to hold cash in my mind your money is getting devalued at five six percent a year right now through inflation um and look if you live in america you can participate in the kind of capitalism structure we have set up today if you live anywhere in the world with access to the internet you can participate in the bitcoin environment and kind of structure that is established today um i don't really see this being against the dollar the only kind of argument i could see is that it could draw away gdp from our country all right um so kind of make us less of an economic power but other than that i don't see this being a big issue at all and i don't even really see that being an issue so so griffin said uh to bloomberg the quote was that what a crazy concept it is that we as a country embrace so many young or bright young talented people to come up with a replacement for our reserve currency yes that's exactly what we should do yes why wouldn't we embrace that if we don't do it someone else is going to do it yes that's exactly what we should do so i think his frustration is around the attention that it's obviously gotten and the amount in the quality of people that are working on it but to your point yet look he doesn't i don't think believe in the kool-aid that he's drinking himself right like i was just looking it up uh very quickly here the guy has a portfolio of almost a billion dollars worth of real estate he owns the most expensive real estate in in the united states he bought a townhouse in new york city for 250 million dollars he has so much art collects art has so much art that he loans it out to museums across the country literally has too much he said just take it just hold on to it for me literally so he's obviously uh kind of not believing in what he's saying himself he's out of the dollar himself he obviously has a bunch of investments this is another category i think he's more frustrated uh that the that while other countries like china and some of these other places might have said hey look we're going to protect ourselves and we're going to protect kind of our currency and our monetary system the u.s has has at least to our knowledge so far embraced it right and said hey look we're gonna allow people operating this way uh they've come out and said that they're not gonna they're not looking to ban any of this stuff depending on how it is they're gonna regulate some of it et cetera but ultimately yeah like we've been on the uh on the right side so far of embracing it right and allowing people to operate in the right capacity and build companies and attract young and talented people like he said to these companies into this network into this new financial system so i think his frustration is more about uh similar with jamie dimon right he lives in the legacy world right and it's it's about protecting that status quo and protecting uh himself and his uh his wealth and his family and all this kind of stuff right so i think uh at the end of the day he's just a little angry uh we'll call it when it comes to kind of the success and the relevance that these new digital assets and this new digital system has had
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