The Bitcoin Coup: How Crypto Accelerationists Engineered America’s Financial Collapse

JD Vance and the Tech Oligarchs Who Want to Burn Down the Dollar

Photo by Jp Valery on Unsplash

There are conspiracies that sound too outrageous to believe, and then there are conspiracies so brazen that they hide in plain sight, documented in government filings and boasted about on podcasts. What I’m about to expose falls into the latter category: a systematic effort by some of America’s most powerful tech billionaires to accelerate the collapse of the American financial system because they believe they’ll profit from the chaos that follows.

This isn’t speculation. This isn’t connecting dots that don’t exist. This is based on direct conversations with people inside this movement, people who have explicitly told me that they view the destruction of the dollar as both inevitable and desirable, who see the suffering of ordinary Americans during financial collapse as an acceptable cost for achieving their vision of a Bitcoin-dominated economy, who have positioned JD Vance as their primary vehicle for implementing policies they know will undermine American monetary stability.

To understand how we reached this moment—where crypto accelerationists are actively working to engineer dollar collapse from within the highest levels of government—we need to trace the intellectual evolution I documented in ”The Plot Against America.” What began as abstract criticism of democratic institutions during the 2008 financial crisis has become a concrete blueprint for dismantling them through cryptocurrency-enabled financial sabotage.

The Philosophical Foundation

Peter Thiel’s own public statements reveal the framework driving this project. Speaking at Libertopia in 2010, he described PayPal’s founding vision as an attempt “to overturn the monetary system of the world.” He continued: “We could never win an election,” but technology could “unilaterally change the world.” In 2021, he declared that “Bitcoin is the most honest market we have in the country. It’s a canary in the coal mine. It tells us that this decrepit regime is about to blow up.”

This represents more than economic analysis—it’s a declaration that existing monetary systems are fundamentally illegitimate and that technological alternatives should replace democratic currency governance. Thiel isn’t merely predicting dollar instability; he’s advocating for conditions that would accelerate it.

From my direct conversations with people in this movement, I can confirm they speak about dollar collapse not as a tragedy to be prevented, but as an opportunity to be accelerated. They discuss Federal Reserve policy not as something to reform within democratic constraints, but as an obstacle to be eliminated so their preferred cryptocurrency systems can replace democratic currency governance entirely.

The moral dimension of this project is stark. When pressed about the human cost of currency collapse—the elderly on fixed incomes who would see their savings evaporated, the small businesses that would be destroyed by monetary chaos, the working families who would bear the brunt of economic dislocation—the response is invariably utilitarian calculation dressed up as historical inevitability.

The Network of Coordination

The financial relationships between these figures make coordination clear. After their PayPal exit, Sacks, Thiel, and Musk’s wealth became deeply interwoven. Sacks launched Craft Ventures and frequently co-invests alongside Thiel’s Founders Fund, with stakes in companies like Palantir and SpaceX. They didn’t just get rich together—they coordinated their investments in ways that create mutual dependencies and shared interests.

As White House AI & Crypto Czar, Sacks holds a special ethics waiver that allows him to influence digital-asset and tech policy while maintaining investments in companies that benefit from those policies. Despite divesting from crypto assets upon entering government, he likely retains holdings in SpaceX and Palantir—companies building infrastructure that could replace traditional government functions with privately controlled systems.

The audacity of their approach is revealed even in their naming choices. The Department of Government Efficiency—DOGE—wasn’t just an acronym chosen for bureaucratic convenience. It was deliberately named after Dogecoin, the cryptocurrency that Musk has relentlessly promoted. When a government department takes its name from a digital currency promoted by the man running it, the agenda becomes transparent.

Dogecoin was itself based on a popular internet meme, but by strange irony, the term “Doge” originates from the title of rulers of Venice and Genoa—elected elites who presided over commercial republics for life. Whether intended or not, this historical reference reflects their vision of governance: efficient, corporate-style rule rather than messy democratic processes.

The Scale of Their Vision

What distinguishes this from ordinary corruption is the scope of their ambition. These men aren’t simply seeking to accumulate more wealth within existing systems. If their vision succeeds—if government currencies collapse and Bitcoin becomes dominant—their early cryptocurrency positions would transform them from billionaires into something unprecedented: controllers of the fundamental infrastructure of human exchange.

This represents the complete transformation of the American political economy. When they speak enthusiastically about dollar collapse, they’re not just making investment predictions—they’re describing a world where their cryptocurrency holdings make them the effective central bankers of whatever system emerges from the wreckage.

The temporary chaos of currency collapse becomes acceptable when viewed as the price for establishing permanent control over the monetary system itself. They’re not just betting on America’s financial decline—they’re positioned to profit regardless of the human cost.

JD Vance: The Ideological Convert

JD Vance’s role represents something more dangerous than typical political opportunism. His transformation from Trump critic to cryptocurrency advocate reflects his genuine conversion to neoreactionary ideology under Thiel’s decade-long cultivation.

Vance has publicly praised Curtis Yarvin, the neoreactionary theorist who advocates replacing democracy with corporate-style governance. Discussing Yarvin’s ideas, Vance has suggested that Trump should “Fire every single mid-level bureaucrat, every civil servant in the administrative state, replace them with our people....And when the courts stop you...stand before the country, and say...the chief justice has made his ruling. Now let him enforce it.”

This isn’t standard conservative rhetoric about limited government. This is advocacy for the systematic elimination of constitutional constraints on executive power—exactly what would be necessary to implement the kind of monetary policy changes that could destabilize the dollar.

Vance understands what Yarvin calls “neocameralism”—the vision of society run like a corporation rather than a democracy. In this framework, citizenship becomes shareholding, elections become obsolete, and governance becomes a technical matter for qualified executives rather than a democratic process.

The Succession Strategy

As constitutional crises consume the Trump presidency—particularly around the Epstein revelations where promised evidence has failed to materialize—the crypto accelerationists appear to be positioning for the next phase of their plan.

They have invested over a decade in positioning Vance not as an emergency replacement for Trump, but as the natural evolution—someone who shares their fundamental critique of democratic governance but possesses the intellectual framework to implement systematic change.

Where Trump operates through impulse and grievance, Vance would operate through ideology and systematic planning. He arrives not needing to learn how to subvert democratic institutions, but with a fully developed philosophical framework for why such subversion is necessary and justified.

The Constitutional Trap

Evidence suggests that Sacks may have positioned Trump for exactly the kind of constitutional crisis that would necessitate succession. The mechanism appears to be cryptocurrency-related violations of the Foreign Emoluments Clause.

TrumpCoin and World Liberty Financial create potential constitutional violations because they allow foreign entities to provide financial benefits to the president. The Foreign Emoluments Clause prohibits the President from receiving any gift, payment, or benefit from foreign governments without explicit Congressional approval. World Liberty Financial’s investor rolls include entities like the UAE, whose purchases could constitute exactly this kind of prohibited foreign benefit.

Cryptocurrency’s structure makes such violations both easier to commit and harder to hide—blockchain creates permanent, traceable records of every transaction. Sacks, with his University of Chicago law degree, would understand these implications perfectly.

While ensuring his own conflicts were addressed through narrow divestitures, Sacks never publicly warned Trump about these constitutional landmines. Instead, he legitimized TrumpCoin on television, describing it as “a baseball card or a stamp” rather than acknowledging its potential regulatory implications.

The Infrastructure Project

Beyond the political maneuvering, they’re building concrete infrastructure for their post-democratic vision. Musk’s xAI has partnered with Thiel’s Palantir Technologies to create what amounts to an integrated, privately controlled intelligence and decision-making system.

This isn’t just about cryptocurrency—it’s about replacing democratic governance with algorithmic management. When Musk describes his goal of creating a “WeChat for everything”—referencing the Chinese app that integrates commerce, communication, and social control—he’s describing the infrastructure for a system where private companies rather than democratic institutions manage the basic functions of society.

The same neoreactionary ideology that produced Yarvin’s critique of democracy and Thiel’s embrace of “post-democratic” governance has found its technological implementation in cryptocurrency and AI systems that can operate independently of democratic oversight.

The Human Cost

Currency collapse affects different populations very differently. Billionaires with diversified international assets and multiple citizenship options can weather financial chaos. Working families whose wealth exists in dollar-denominated savings, whose employment depends on economic stability, whose communities lack resources to weather systematic disruption—they bear the full cost.

The crypto accelerationists have calculated that this differential impact is acceptable. The suffering of millions becomes the price for implementing their vision of more “efficient” monetary systems controlled by those they consider most qualified to manage them.

This represents the application of Silicon Valley’s “move fast and break things” philosophy to national monetary policy—with full awareness that the things being broken are the financial foundations of American prosperity and the people being disrupted are families who never consented to this experiment.

The Seditious Nature

What we’re witnessing constitutes sedition in its most systematic form. When government officials use their positions to undermine the financial systems they’ve sworn to protect, when they engineer constitutional crises for personal and ideological benefit, when they work to replace democratic governance with privately controlled systems—they’ve crossed the line from legitimate political activity to betrayal of their constitutional obligations.

David Sacks, Peter Thiel, Elon Musk, and JD Vance are actively working to subvert the constitutional order of the United States. Not through dramatic rebellion, but through the patient capture and systematic undermining of the institutions that make democratic self-governance possible.

Their sedition is particularly dangerous because it operates through legal mechanisms and maintains the appearance of legitimate governance while systematically destroying its substance. They’re not overthrowing the government—they’re reprogramming it to serve their interests rather than democratic publics.

The Stakes

The choice before us isn’t between different economic policies or competing visions of government efficiency. It’s between democratic control over the fundamental systems that govern our economic lives and the surrender of that control to a small group of oligarchs who believe their wealth grants them the right to redesign society according to their preferences.

If they succeed in engineering the financial crisis they’ve positioned themselves to profit from, if they manage to complete their transition from democratic governance to cryptocurrency-enabled corporate rule, the damage may be irreversible. Once democratic institutions lose control over monetary policy, once private actors gain permanent control over the infrastructure of exchange itself, traditional forms of democratic accountability become impossible.

The American people deserve to understand that some of their leaders aren’t just making questionable policy choices—they’re implementing a systematic plan to transfer control over essential systems from democratic institutions to private actors who view democracy itself as an obstacle to optimal governance.

This represents the most sophisticated attempt to undermine American monetary sovereignty in the nation’s history. Not through foreign conquest or domestic revolution, but through the patient capture of government positions by people who view the elimination of democratic constraints as both necessary and inevitable.

The revolution they’re implementing isn’t liberation—it’s the systematic elimination of democratic control over the economic foundations of American life. The future they’re building serves their interests while eliminating our capacity to hold them accountable through democratic processes.

The evidence is documented. The relationships are clear. The ideology is explicit. The only question remaining is whether the American people will recognize what’s happening before it becomes irreversible.

Two plus two equals four. There are twenty-four hours in a day. And when tech billionaires systematically position themselves to profit from the collapse of American monetary sovereignty while holding positions of public trust, they have committed sedition against the republic and should face the full consequences that such betrayal demands.

Democracy survives only when its defenders show the same determination to protect it that its enemies have shown in attacking it. The center can only hold if those who would destroy it face justice commensurate with their crimes.

The sedition is real. The threat is immediate. The response must be proportional to the crime they’re committing against the constitutional order that protects our capacity for democratic self-governance.