Back during the cryptocurrency mania of 2017 I explored Bitcoin as a foundational asset of a different monetary system. Built on blockchain I put together a crude crypto-version of Exter’s Pyramid to visualize this.

Today with Bitcoin soaring past $11,000 we may be entering a new mania phase but this time for completely different reasons than in 2017-18.

However, before I get started, let’s review what Exter’s Pyramid is and why Bitcoin, necessarily, today sits at the bottom of it in the crypto-space.

John Exter visualized the global financial system as an upside down pyramid.

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