Knut Karnapp
3.3K posts

Knut Karnapp
@KnutKarnapp
lawyer | timechain | private account









Almost a decade ago I was the Harvard economist that said that bitcoin was more likely to be worth $100 than 100k. What did I miss? I was far too optimistic about the US coming to its senses about sensible cryptocurrency regulation; why would policymakers want to facilitate tax evasion and illegal activities? Second, I did not appreciate how Bitcoin would compete with fiat currencies to serve as the transactions medium of choice in the twenty-trillion dollar global underground economy. This demand puts a floor on its price, as I discuss at length in my new book Our Dollar, Your Problem. Third, I did not anticipate a situation where regulators, and especially the regulator in chief, would be able to brazenly hold hundreds of millions (if not billions) of dollars in cryptocurrencies seemingly without consequence given the blatant conflict of interest. cnbc.com/2018/03/05/bit…

What the world saw on the campaign trail was only part of the story. My new book is a behind-the-scenes look at my experience leading the shortest presidential campaign in modern history. 107 Days is out on September 23. I can't wait for you to read it: kamalaharris.link/107DaysBook










