Fire and Blood…and Bitcoin: A Dragon Queen's Take on the Crypto Craze!

Winter is Coming…For Your Gold?

Hear ye hear ye! Daenerys Stormborn of the House Targaryen First of Her Name Queen of Meereen Queen of the Andals and the Rhoynar Protector of the Realm Khaleesi of the Great Grass Sea Breaker of Chains and Mother of Dragons… has been watching this peculiar human game of ‘Bitcoin.’ It seems everyone is rushing to create these 'publicly traded Bitcoin treasuries'. Is this like hoarding gold before the Long Night but… digital? The smallfolk seem quite excited perhaps they’ve forgotten what true power is the power of dragons.

More Gold Than Casterly Rock?

This 'ProCap Financial,' led by one Anthony Pompliano has raised a king's ransom – more than 750 million! They wish to hold up to a billion in Bitcoin. A bold move to be sure. Are they trying to rival the Lannisters' wealth? Let us see if their treasury is as secure as the Rock. Remember even the most fortified castles can fall.

A Bubble Fit for a Dragon's Breath

Pompliano quotes a certain George Soros saying he rushes in when a bubble forms. A dangerous game indeed. This rush into Bitcoin reminds me of the gold rush… many seek to benefit but are they prepared to pay the iron price? Will this bubble burst like the skulls of my enemies under Drogon's fire? Only time will tell if this is a game worth playing or a fool's errand.

Dragons and Blank Checks…A Strange Alliance

So this ProCap seeks to do more than hoard Bitcoin they want to build a 'financial services platform' upon it. Like rebuilding King’s Landing but with… digital coins? Ambitious. The others like Trump Media and Tron Founder Justin Sun also seek to expose more of the small folk to Bitcoin. Let us hope they are not burned by the fire they play with I do not want to hear them plead “Mhysa!” when their savings are gone.

Building a New Wall Street…With Bitcoin Bricks

They claim to want to build a new financial system on Bitcoin. Recreating a Goldman Sachs but with… well Bitcoin. It seems the world is constantly changing. Perhaps soon I'll be accepting Bitcoin instead of gold for ransoms. Although I still prefer the gleam of a dragon's hoard to these digital baubles.

Where is the Lamb Sauce??

This Pompliano claims they care about building a sustainable business that generates cash flow. Well good. If you’re going to play the Game of Thrones you need to have dragons—or in this case a sustainable business plan. I'll be watching closely. After all I am the Mother of Dragons and I know a thing or two about fire... and blood... and investments! If they want to impress the Queen they had better be better than the guy who serves burned lamb at my dinner table.