{"id":60399,"date":"2025-11-26T03:01:31","date_gmt":"2025-11-26T03:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=60399"},"modified":"2025-11-26T03:01:31","modified_gmt":"2025-11-26T03:01:31","slug":"bitcoin-could-end-like-a-monopoly-game-claims-wall-street-cassandra-michael-green","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=60399","title":{"rendered":"Bitcoin Could End \u2018Like A Monopoly Game,\u2019 Claims Wall Street Cassandra Michael Green"},"content":{"rendered":"
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Macro investor Michael Green, who is known as the Cassandra of Passive Investing, has sharpened his critique of Bitcoin, arguing that its design makes it economically brittle and socially corrosive, setting up a winner-takes-all outcome \u201clike a Monopoly game.\u201d<\/p>\n

In an interview with journalist Phil Rosen, Green said \u201cthe most important thing to understand is that Bitcoin has marketed itself as multiple different things to try to appeal to investors at various points in time,\u201d but has failed on its original brief. Under the Satoshi white paper<\/a>, he noted, BTC was meant to be \u201ca peer-to-peer payment system\u201d that removed the dependence of payment rails on banks. \u201cBy moving to a distributed ledger and a peer-to-peer system, we\u2019d be able to get banks out of the system.\u201d<\/p>\n

\u201cThat\u2019s been a total failure,\u201d he argued. \u201cThere are almost no real transactions that are occurring in Bitcoin. We have tons of transaction activity in speculative markets trading Bitcoin, but the actual quantity of retail transactions or peer-to-peer payments that occur over the Bitcoin network are remarkably small.\u201d<\/p>\n

Green distinguished between emergency government \u201cmoney printing\u201d<\/a> and day-to-day bank credit. \u201cThere\u2019s money printing that comes from the government, in which they largely are trying to smooth over mistakes that have been made,\u201d he said, describing stimulus as a way to \u201cbasically create a do-over by printing money.\u201d<\/p>\n

More frequent, he added, is the expansion of money when banks lend: when a bank grants a $1,000 loan, \u201cthey simply created a new account for you called your checking account that has $1,000 in it\u2026 That expansion is totally normal and it has a credit function associated with it.\u201d<\/p>\n

\u201cBitcoin destroys the ability to do that because it was intentionally designed to skip the banking system<\/a>,\u201d Green contended. Rather than a full credit system, \u201cit is effectively just a monetary system where what you\u2019re really seeing is Bitcoin is effectively the tokens that are paid to the accounting firms that keep the blockchain in order\u2026 every Bitcoin that\u2019s out there is basically a payment to Deloitte & Touche.\u201d<\/p>\n

Why Bitcoin Is Supposedly A \u2018Monopoly Game\u2019<\/h2>\n

Because its supply is capped and banks cannot create new BTC via lending, \u201cno new money can be created. There is no capacity for mistake forgiveness in that type of framework,\u201d he said. That makes the system \u201cvery limiting. Interest rates and credit spreads are just too high for a real economy framework.\u201d Despite dramatic price gains, he concluded, Bitcoin \u201chasn\u2019t emerged as a payment system\u201d or \u201cin any meaningful economic context.\u201d<\/p>\n

Green\u2019s harshest criticism was distributional. \u201cBecause we have a finite quantity of it, ultimately, that means everybody who is born after the Bitcoin has been released finds themselves in deficit,\u201d he said. He compared this to \u201ca serf living off land in the 14th century that didn\u2019t belong to you,\u201d where \u201cthere was no other land that would ever become available to you.\u201d That, he argued, \u201ccreates a deeply unequal society.\u201d<\/p>\n

Although he said he \u201cwas an early adopter of Bitcoin\u201d and initially thought it was \u201ca really interesting idea\u201d of private money, he now believes \u201cif you run through the simulation, Bitcoin, because there is a finite quantity of tokens, means that it basically plays like a Monopoly game.\u201d<\/p>\n

In that game, \u201cyou can\u2019t add additional players as the game is being played\u2026 because they\u2019re just going to lose very quickly. They don\u2019t have any other properties. They don\u2019t have any other money.\u201d \u201cHow does every game of Monopoly end?\u201d he asked. \u201cSomeone wins. With a single winner.\u201d<\/p>\n

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Mike Green (@profplum99<\/a>) embraced bitcoin early but now he doesn\u2019t see it as an asset that democratizes wealth.<\/p>\n

He shared his latest thoughts on $BTC<\/a>, and why it could end like a winner-take-all Monopoly game. pic.twitter.com\/vIezLbNnuD<\/a><\/p>\n

\u2014 Phil Rosen (@philrosenn) November 24, 2025<\/a><\/p>\n<\/blockquote>\n

\u201cThat\u2019s exactly what we\u2019ve seen within Bitcoin,\u201d Green maintained, citing \u201cincreased concentration\u201d and a Gini coefficient<\/a> \u201cbeyond anything we\u2019ve ever seen in the real world.\u201d Instead of democratizing access, he argued, Bitcoin builds \u201ca system that ultimately collapses upon itself and locks people out. Far from democratizing access, it does the exact opposite.\u201d<\/p>\n

At press time, BTC traded at $87,589.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Macro investor Michael Green, who is known as the Cassandra of Passive Investing, has sharpened his critique of Bitcoin, arguing that its design makes it economically brittle and socially corrosive, setting up a winner-takes-all outcome \u201clike a Monopoly game.\u201d In an interview with journalist Phil Rosen, Green said \u201cthe most important thing to understand is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-60399","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60399"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60399\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}