Introducing: ego death capital
As many of you reading this know, I have been an advocate for Bitcoin for many years. After extensive investigation into Bitcoin from a first principles perspective, I believe it is the only solution for a foundation of a new economic and financial system that is equitable, inclusive and stable.
It is still early and education is not enough. The onboarding of billions of people to the Bitcoin ecosystem will come from creating products that solve real needs. I’m excited to support this vision through ego death capital. A transformative bitcoin-only fund with the ambition not of owning the bitcoin ecosystem, but of supporting its creation and as a result, investing in solutions that will change the world. We will support founders building companies to make the global Bitcoin based system we all want a reality.
We’re bringing together an incredible team to make it happen. My co-founding partners Nico + Andi are also innovative entrepreneurs with cutting edge investing backgrounds. Our advisors Lyn + Preston are highly regarded Bitcoin advocates, entrepreneurs and investors. But most importantly, everyone on the team brings good vibes and the mission to create a better world.
I have always been a deep thinker. Over many years I looked at the world around me and realized our economic system is not only fundamentally broken, but also undermining the fabric of our societies and democracies. This led me to write my book “The Price of Tomorrow: Why Deflation is Key to an Abundant Future”, published in 2020.
I wrote in the book “the trend of more wealth inequality, more polarization, and more discord is a major threat to our collective future. And it is all being caused by the same thing: adherence to an economic system designed for a different time.” That is, a system based on inflation where governments manipulate money and their people by printing money to meet their own political ends. Since the book was printed the issues I outlined have only grown. We are more divided than ever, governments are doubling down on control, and inflation caused by the extraordinary printing of money is putting pressure on families around the world, reducing standards of living and creating fear and hopelessness.
And yet I remain fundamentally positive about the future. I came to Bitcoin as a solution - an alternative to our current financial + economic system. A global currency that cannot be manipulated by governments for political gain. One that is free of the artificial national boundaries which divide our world. A new system that can bring us together to build a global society that is equitable, inclusive and stable - one that is finally united here on this planet we call home.
It’s been an ever-entertaining journey observing the unfolding story of Bitcoin in recent years - like a snowball growing bigger and faster on its inevitable journey. Bitcoin has become a lifeline for people in emerging economies with unstable currencies such as Venezuela and Argentina. El Salvador has adopted it as the national currency in a bid to reduce dependence on the US dollar. And now thanks to the development of the Lightning Network scaling solution, we are at an inflection point for this new global currency.
With the almost free and instantaneous transactions offered by the Lightning Network, not only can Bitcoin be used for everyday transactions by every person in the world, but the Bitcoin network is now open to a range of use cases, which we can only begin to imagine. As more entrepreneurs realize that building on top of a base layer that is immutable is the ONLY way to create a long term business, I suspect they will focus their time and efforts in building amazing use cases on top of Bitcoin. This becomes the focus of the fund. An asymmetric opportunity that is not widely understood today and it is this ecosystem building creative and innovative solutions to real world problems, that ego death capital will invest in.
It feels like the start of the internet era. That time in the 1990s when people asked “who would really use email”. Or buy a book online. Most people today still don’t really understand cryptocurrency and even within the crypto world most are not aware of what’s going on in the Bitcoin ecosystem, and the direction it’s headed. This makes it all the more exciting to be a part of and propel forward.
I have been a founder, CEO and chairman of numerous companies, both past and present. I can’t wait to work with the brilliant founders who are building their companies now within the Bitcoin ecosystem.
I’m excited to support them both financially as well as with advice, bringing my own wealth of experience as well as that of our advisory board. Each member of our team knows what it’s like to be an entrepreneur, to see something that others don’t. To be told it won’t work, to face challenges, but to keep going to bring a vision to life. We are entrepreneurs investing in entrepreneurs.
We will also step up efforts to advocate for Bitcoin around the world. We know that the ecosystem will experience a flywheel effect as more and more companies bring it to fruition and we want to help as much as we can to accelerate this dynamic. And needless to say we are global from the start. Emerging markets are leading the way in Bitcoin innovation and adoption and we recognize the potential of Bitcoin to bring global equality. If recent events have taught us one thing, it’s that we are all in this together, and can contribute equally no matter where in the world we are geographically.
We are excited to bring together investors into the fund who believe in this vision. To support us and the founders we invest in with a long term view. To bring a wave of energy and momentum to the space that we all feel and want to express. It’s time to get back to the core principles of Bitcoin - creating a more stable and equitable system.
We believe in abundance for all. No ego, no bullshit. We are working together towards a united world.
Regards,
Jeff Booth
ego death capital