Dollar 2.0 Gets Cheaper

As we’ve tracked since April 2, 2025,  the early phase of the reset burned hot. Institutions weakened. Assumptions cracked.

This week supplied fresh evidence. Software buckled under pressure from artificial intelligence. Metals convulsed under leverage.

What follows looks colder and more deliberate. The metaphor shifts from bonfire to board game. The game isn’t chess. It’s Risk. Territory matters. Chokepoints matter. Supply lines matter.

Winning depends less on elegance and more on control.

Since peaking in early October, the market cap of all cryptocurrencies has slid from a $4.3 trillion peak to about $2.3 trillion today.

Market behavior is shifting alongside technology. AI shortens business cycles and accelerates repricing. Leverage magnifies reactions. Empire of Debt warned that systems built on smooth assumptions fail loudly once those assumptions collide with reality. Software reached that collision point first.

You can bet on nearly anything on Polymarket. One bet is that Elon Musk, current net worth $775 billion, will add the other $225 billion and become the world’s first trillionaire.

Betting market odds now overwhelmingly see it happening this year, and this could be a sign of a top.