Brian Armstrong: prediction

Transcript context

…Where did that come from? Just out of the sky? Or people felt more guilty, they became too rich? Or the kinds of people working at the companies evolved? I’m not really sure what the origin of it was, to be honest. Others might have better thoughts on that. I think one factor that might play a role there is that Silicon Valley had so much fierce competition over talent that really companies were bending over backwards to provide the most accommodation to people in any way they could. That came in the form of compensation but also perks. We were all really so scared of losing people because they could go get three or four offers from another company tomorrow, the top people. What’s happened now is, Silicon Valley has decentralized a little bit and started to be more remote-first in their hiring. It’s broadened the talent pool, and I think that has changed a little bit of that dynamic. If the employees are really excited about taking the company in a different direction, the management or the founders can say, “No, this company is about X, and we’re going to keep moving in that direction.” That’s one factor, but there’re probably many that are at play, I would say. Recently, you cited an estimate that if bitcoin were priced at $200,000, that about half the world’s billionaires would be from crypto. How is that world different? What does it look like? How does it feel different from the world we have?…

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