Capitalism Is Under Attack & Bitcoin Will Benefit

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To investors,

Self-described socialist Zohran Mamdani beat out political royalty Andrew Cuomo in the Democrat primary for NYC mayor last night. I usually don’t care about politics, but there is a fascinating story about capitalism, financial markets, and wealth being told here.

Zach Ware writes “the Mamdani win is a Rob Henderson Luxury Beliefs blog post turned into real life. A bunch of rich people made themselves feel charitable by voting to give a bunch of poor people things that sound nice. And the (smarter) poor people voted against it because they know it’s bullsh*t.”

Think about how crazy this situation is. A man who prides himself on being a socialist has a real shot at becoming the mayor of the heart of the global financial system. Irony doesn’t even start to describe the situation.

Just insane.

Capitalism is under attack by TikTokified brains that have no clue how the world actually works. If you don’t believe me, look at this data:

My friend Marty Bent put it perfectly when he wrote the following:

“I'm sure most of you are well aware of the Democratic Primary results of the New York City Mayoral election. Zohran Mamdani - an overt Socialist who ran on a campaign promising rent control and city-run grocery stores with price ceilings and, called for the defunding of the NYPD during the 2020 BLM riots - won the primary in a landslide. In large part due to NYC's asinine ranked voting system. His campaign and primary victory are a symptom of the intellectual rot that has taken over in the United States. Nothing makes this clearer than the data shared by Geiger Capital in the screenshot above.

Working class people with no college degree who have a better understanding of the value of hard work and what it means to live a life of integrity and dignity favored the less radical incumbent democrat and former Governor, Andrew Cuomo, while the college educated leaned heavily towards Mamdani. I feel very confident in saying this is an outgrowth of decades of university-level Marxist indoctrination via the universities that has been coupled with a never ending onslaught of mainstream propaganda that has convinced educated liberals (especially the white ones and, more specifically, the white women) that they should feel great shame, revolt against the principles of capitalism and degrade their lives by supporting socialist policies as a form of implicit reparations.

The damage that has been done to the minds of this demographic is incalculable and if the indoctrination and propaganda ultimately proves to be successful via the adoption of socialist policies in the United States, we will lose what was once a great nation.”

There are plenty of reasons to critique capitalism. It doesn’t get it right 100% of the time for every person. In fact, the promise of capitalism is equal opportunity, rather than equal outcome. That is the whole point of economic incentives and financial reward for those who take risks and are right.

People may not like that fact, but it doesn’t make it untrue.

So you have a choice to make now. You can bet your financial future on the rest of the country becoming more intelligent and rejecting socialist policies, or you can take your future into your own hands and opt out of the system with some of your capital.

Bitcoin was created to be a sovereign, decentralized asset that allowed anyone to benefit from the principles of sound money. It doesn’t matter who is the President, the governor, or the mayor. Regardless of how stupid the economic policies of our leadership is, bitcoin keeps winning. In a weird way, the crazier the economic policies of leaders, the more bitcoin will be a benefit to people.

If you lived in a violent neighborhood, you would move out or you would ensure you had the ability to protect yourself and your family. If you live in a time where the capitalist system is under threat, you must figure out how to protect your hard earned economic value.

I know how I want to do that for my family. Hopefully some of you have a plan as well.

Have a great day. I’ll talk to everyone tomorrow.

- Anthony Pompliano

Founder & CEO, Professional Capital Management

How Geopolitics Are Making Bitcoin Stronger

Polina Pompliano and Anthony Pompliano discuss what is going on with bitcoin, bitcoin treasury companies, impact of geopolitical conflicts, stock market, and a little behind the scenes of announcing a bitcoin treasury company.

Enjoy!

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