Is crypto in the process of ushering in a new form of capitalism?

This is a topic rarely discussed. In fact, it is the opposite that gets the attention. With the projected loss of jobs by many, it is presumed that some form of "socialism" has to be implemented. Naturally, this might not be in the form we know.

However, many promote the idea of some form of universal basic income or services. In other words, there has to be a payout to people when they are no longer able to exchange labor for money.

Is this truly the case?

Or are we about to witness a shift toward Capitalism 2.0, driven by crypto?

Crypto Bringing On A New Form Of Capitalism

What does Internet money really mean? How does this alter things in ways that most have no considered?

Certainly, the answers are still unfolding. That said, we know the Internet is a world of abundance. It operates 24/7 at ever increasing speeds. Because of this, we see the potential number of transactions growing significantly.

Mert Mumtaz, CEO of Helius, believes we are looking at a complete overhaul of the capitalist system.

Mumtaz said that crypto supercharges all the necessary ingredients for capitalism to function properly, including the free flow of information in a decentralized way, immutable property rights, incentive alignment, transparency, and “frictionless” capital flows. Mumtaz added:

It is true these components could alter everything. Simply moving to a 24/7 trading system, something the SEC and CFTC are considering is a big step. We already see a number of markets that trade throughout the day such as gold, FOREX and Bitcoin.

What does it mean when there is an "always on" capital market?

“Crypto's endgame will be that it fundamentally evolves the most impactful human invention of all time: capitalism. We said crypto was Web 3.0, but that undermines it — it is actually capitalism 2.0.”

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The Age of Abundance

Capitalism 1.0 was based upon scarcity. We know this was a significant driver of value.

Will the same hold true in the future?

The Internet creates abundance for the reasons stated above. Whenever something is digitized, everything changes. Not only do we get entirely new properties associated with the asset, the basic nature of the Internet takes over.

Here is where speed becomes a central theme. Not only do we see the numbers increase but an item can see distribution in mere moments.

Consider how different the taking of photos along with the movement of them is today as compared to the 1980s.

The same is true in many industries.

What happens when a piece of real estate can be moved with the speed of an email. We know tokenization of real world assets is upon us. Move this into a 24/7 trading scenario, along with AI enhancement, and we are talking about something that is completely foreign to us.

What type of numbers are we looking at?

The historical evolution of economic singularities are a 10x. This has occurred a few times in the past.

We might be looking at something much larger. Nevertheless, it is not absurd to consider a $100 trillion global economy could turn into a quadrillion.

Many are speculating about bubbles. Perhaps there is some of this in markets; it is a natural occurrence. However, over time, the legitimate floats to the top.

We cannot deny the fact the Internet generated enormous wealth. Many companies during the Dot-Com died. Nevertheless, Amazon and Google are now some of the most valuable companies in the world.

Will crypto have a similar impact? It could be the ushering in of Capitalism 2.0.

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