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Phase 1: one owner account. Accounts for clients come with the waitlist.
Phase 1: one owner account. Accounts for clients come with the waitlist.
Natural, unhurried, one continuous read. Start with three seconds of silence.
My name is Alex Kazmarck. I'm a Russian-American investor, and I wrote a book called Sell the Dollar. The subtitle is: why Bitcoin and Ethereum will outrun America's money printer.
Here's the one-sentence version. The United States has no politically survivable path except the continued debasement of the dollar. And Bitcoin and Ethereum are the first assets in history that were purpose-built to sit on the other side of that trade.
I know how that sounds. "Dollar collapse, buy Bitcoin" has been shouted by people on the internet for fifteen years. That's not the book. The dollar isn't going to be replaced. It's going to be debased. Those are different things. You will price your coffee in dollars for the rest of your life. You just won't want to save in them.
Think about August 15th, 1971. Nixon closes the gold window. Since that night, money is whatever the government says it is. In 1971, M2, the broad money supply, was about 700 billion dollars. By 2008, it was 7.5 trillion. By 2026, it's past 22 trillion. The federal debt is over 36 trillion. The interest alone is now bigger than the defense budget. That is the whole book in three numbers.
Now the part that makes people angry. Stablecoins don't kill the dollar. They're its best customer. Tether holds more Treasuries than most countries. So the dollar wins as the unit of account and quietly loses as a store of value. Twenty-one million Bitcoin. No committee. No emergency meeting. No "temporary" measure that becomes permanent.
Does that mean put everything in crypto? No. Chapter twelve is about owning the exit, not jumping out the window. Every position needs a reason to enter and a reason to leave. In DeFi, I want to know who pays the yield before I collect it. I follow liquidity; the narrative usually arrives later.
A few things you'll hear me say a lot: CPI, ETF, RIA, DeFi, BTC, ETH, USDT, the Fed, the Treasury, Bretton Woods, Satoshi. Two point five percent. Ninety basis points. Three hundred and forty thousand dollars. Q4 2025. Chapter eight, page one-twelve.
This is education, not financial advice. I'm not telling you what to buy. I'm showing you the chart and telling you what I did.
Look at this chart. The green line is M2. The orange line is Bitcoin. Watch what happens after 2020. Right there. That's the whole argument, and you didn't need me to make it.
If this was useful, the book is in the link in my bio. If it wasn't, tell me why in the comments. I read all of them.
Stop here for Part A. Each part below is its own take.
Slightly slower, with real pauses where the pencil would be moving.
Okay. One chart. Fifty-five years. [pause] This is the purchasing power of one dollar, starting in 1971. It starts at one. [pause] By 1980, it's worth about forty cents. By 2000, about twenty-three cents. Today, about eleven cents. [pause] Nobody voted for this. Nobody announced it. It happened at two or three percent a year, which feels like nothing, until you look at the whole line.
Now put Bitcoin on the same chart. Not the price. The supply. [pause] Flat. Twenty-one million, with a schedule everyone can read. That's the difference. One line is a policy. The other line is math.
Here's the part people miss. The dollar line doesn't have to go to zero for this to matter. It just has to keep going down slower than people notice, and faster than their savings grow. That's not a collapse. That's a leak. And a leak is worse, because nobody fixes a leak.
Three things to take from this. One: the trend is fifty-five years old; it's not a prediction. Two: the policy that drives it has no exit, because every exit is politically fatal. Three: for the first time, there's an asset built specifically to be on the other side of it. That's chapter five. The sources are in the back of the book.
Short, dry, one breath each. A beat of silence between them.
In DeFi, I want to know who pays the yield before I collect it.
I follow liquidity. The narrative usually arrives later.
Every position needs a reason to enter and a reason to leave.
A strong thesis still needs a price, a catalyst, and an exit.
The dollar isn't dying. It's leaking. Nobody fixes a leak.
Stablecoins are the dollar's best customer. That's the paradox.
Twenty-one million. No committee.
The interest on the debt is now bigger than the defense budget. Read that twice.
AI is deflationary for goods and inflationary for politics.
You'll price everything in dollars forever. You just won't save in them.
Owning the exit is not the same as jumping out the window.
If you can't name who's paying the yield, you're the one paying it.
Calm, a little amused, no edge.
Fair question. No, I don't think the dollar goes to zero, and the book doesn't say that. It says the dollar stays the unit of account and loses value as a store of wealth, which is what it has done every year since 1971. If you've got a chart that shows otherwise, send it. I'll post it. And yes, the illustrated version of me is drawn. The charts are real. Chapter five has every source.
This is education, not financial advice.
Not advice. Just the chart, and what I did with it.
I'm not telling you what to buy. I'm telling you what I see.
Do your own work. The sources are in the book.
Nothing here is a recommendation. It's a framework.
Education only. Your money, your decision.
1971. 1980. 2008. 2020. 2026. March 2020. Q1, Q2, Q3, Q4. Seven hundred billion. Seven point five trillion. Twenty-two trillion. Thirty-six trillion. Two percent. Two point five percent. Nine percent. Forty basis points. A hundred and fifty basis points. Sixty-five thousand. One hundred thousand dollars. Twenty-one million. Nineteen point eight million mined. Four-year halving. Ten-year yield. Thirty-year mortgage. Chapter one through chapter fourteen. Page forty-two. Figure twelve.
Bitcoin. Ethereum. Tether. Circle. BlackRock. The Federal Reserve. Jerome Powell. Paul Volcker. Richard Nixon. Bretton Woods. Satoshi Nakamoto. Vitalik Buterin. MicroStrategy. Coinbase. The Treasury. The IMF. The BIS.
The book is Sell the Dollar. Link in bio.
That's chapter eight. The whole chapter is better than my summary.
Save this one. You'll want the chart later.
Disagree? Good. Tell me in the comments. I read all of them.
More tomorrow. Same chart, different decade.
Меня зовут Алексей Казмарк. Я написал книгу «Продай доллар». Главная мысль простая: доллар никто не заменит, но его будут обесценивать, потому что другого политически выживаемого пути у Америки нет. Биткоин и эфир — первые активы в истории, созданные специально для другой стороны этой сделки. Это не совет, а график. Источники в книге.