Bitcoin Asia 2025: Balaji S. on Bitcoin’s Win and Fed’s Fall

At the Bitcoin Asia 2025 conference, entrepreneur and author Balaji Srinivasan laid out a bold vision of what happens when Bitcoin wins. “Not if, but when,” he emphasized, warning that its victory won’t be the end of the fight but the beginning of a new battle.

The End of Fed Dominance

Srinivasan argued that Bitcoin’s rise would dismantle the U.S. Federal Reserve’s global control. “When Bitcoin wins, the Fed loses control,” he said, pointing out that while central banks can freeze accounts and print money, they cannot seize Bitcoin or mint more than its fixed supply of 21 million.

In contrast to the Fed’s unpredictable rate hikes, he described Bitcoin as offering “algorithmic and predictable monetary policy,” which he called an enormous leap forward. Unlike decisions made on “just feels,” Bitcoin provides certainty for businesses and markets planning for the future.

A Borderless Network and Global Adoption

Bitcoin, Srinivasan explained, transforms payments into pure network activity. “Payments become packets,” Srinivasan said, comparing Bitcoin transactions to internet data transfers without reference to banks or states. He noted that adoption is global and can accelerate rapidly, citing Lebanon’s currency collapse, where Bitcoin usage “just went vertical.”

Shifting the Economic Order

Srinivasan predicted a collapse of long-standing financial systems. “When Bitcoin wins, Keynesianism falls like communism,” he remarked, arguing that government bonds, once seen as safe, are now “the return-free risk.” Real estate, inflated by years of Fed intervention, would also decline in real terms as people store value in Bitcoin rather than property.

Fiat currencies, he added, would lose their local monopolies as stablecoins and national digital currencies compete openly on-chain. Just as local newspapers collapsed in the internet age, most national currencies “won’t survive” in this new environment.

The Billionaire Flip and the End of Printing

Perhaps one of Balaji’s most striking forecasts was the “billionaire flip.” Srinivasan explained that at Bitcoin prices between $100,000 and $1 million, “half the world’s billionaires become crypto,” diluting fiat wealth and shifting global capital toward risk-tolerant innovators.

He also declared an end to the era of unlimited money creation: “When Bitcoin wins, the printer runs out of toner.” Governments, he argued, would finally face limits and accountability in how they raise and spend money.

The Battles Ahead and What Comes Next

Despite Balaji’s optimism, Srinivasan cautioned that governments will strike back. He warned of attacks on coders, networks, cryptography, software, and even communities, comparing it to FDR’s 1933 gold seizure. His advice: “Your physical location is much more important than your portfolio allocation over the next 10 years.”

Looking ahead, he tied Bitcoin’s victory to his Network State vision, predicting a world of “a thousand city system” where people choose their communities as easily as they choose colleges. 

Inviting builders to the upcoming Network State 2025 conference in Singapore, he concluded: “If you want to build, if it’s time to build, then come to Singapore… we can use all of our cloud capital to rebuild the land and to build cities and build communities.”

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