Bitcoin emerged as a response to the 2008 financial crisis, aiming to take control of money away from banks and create a transparent and fair system accessible to everyone.

Cryptocurrency emerged as a solution to fears of government-induced hyperinflation and the potential worthlessness of bank-held money.

During the 2008-2009 financial crisis, the velocity of money slowed down as people became risk-averse, which prevented monetary easing from igniting inflation.

The timing of Bitcoin's release was an activist move, pushing the world forward and allowing everyone to participate in its narrative.

The government needs to step in during banking crises, as seen in March 2023 when the Federal Reserve raised interest rates to combat inflation, leading to the collapse of Silicon Valley Bank and First Republic Bank.

The Stanford Bitcoin group, which I co-founded in 2012-2013, was a response to the skepticism around Bitcoin at the time, and we engaged in research and education about cryptocurrency.

This debanking phenomenon has been particularly prevalent among crypto and fintech entrepreneurs over the last four years, as they face increasing pressure to protect established banks.

The anonymous launch of Bitcoin serves as a profound philosophical statement, emphasizing the importance of identity and the human element behind technology.

I wanted to contribute to Bitcoin because I know how to build and scale software companies and corral capital to address succinct problems.