CIO @ ProCap BTC. @BitwiseInvest advisor. Radical Portfolio Theory™ CIO. Riverian purveyor of exotic goods & esoteric services. ex-@morganstanley @stanford. NFA

NYC
Joined March 2009
If you’re bookmarking one investment guide for the decades to come, make it this one. Five minutes to rewire your mindset—and you’ll never see investing the same again. Revisit after the election; it’ll hit even harder. Here’s the grand finale: Part III: The Radical Portfolio
For those who are saying “I don’t understand. This makes ownership cheaper vs rent.” Friendly reminder—
The hilarious thing about home ownership in the US is that even when you own your home, there are 3 senior sweeps: 1) maintenance 2) tax and 3) insurance All 3 will fight you (and each other) to maximize the steal ahead of your equity. Mother of all ponzis “American nightmare”
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The math is simple- assume 105k price, 20% down payment, 8% interest rate- Monthly payment —> $563 Total paid over 50 years —> $337,800 Sounds like a lot, but Bitcoin price in 2030 —> 1mm
50y asset backed financing but to help become a wholecoiner Who is building this
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50 year mortgage combined with student loans is basically mortality curve modeling
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Jeff Park retweeted
Replying to @dgt10011
Great Post Jeff. Exponential innovation didn’t start with AI, it started after the GFC and the Bitcoin Whitepaper. Zero rates, cheap capital, and software abundance accelerated every curve of progress driving the labor participation rate lower. AI is just the current and most disruptive expression of that same force turning innovation itself into intelligence. #OccupyAI
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This Halloween my 3 year old daughter asked me what my favorite candy was. I said “Crunch.” Now every morning while I’m still asleep, she quietly leaves a Crunch bar on my nightstand so I can have one as soon as I wake up “for breakfast.” She must never open the drawer. 😭😭😭
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Why is Bitcoin price falling?
Jeff Park retweeted
If Occupy Wall Street was about the "1%" who rigged the price of capital, Occupy AI is going to be about the "∞" that rigged the price of labor My take on why #OccupyAI will be more existential than we think, and what that means for the resurgence of the crypto manifesto👇
“OpenAI is a nonprofit that now wants a federal backstop guarantee for all new capex investments but also wants to IPO at $1Tn next year for its exclusive shareholders” And you wonder why Mamdani was elected in a landslide
Jeff Park retweeted
For the mobile readers: Inequality is no longer just about wages. It’s everywhere–it’s in societal access, in opportunity cost, and even in the stock market. Today the top ten companies in the S&P 500 control nearly 40% of the index’s total value–a level of concentration unprecedented in modern history. It mirrors the dislocation we see in everyday life, where power, wealth, and opportunity are increasingly centralized while the rest of us are left scrambling. And the labor market is collapsing under the same weight. October 2025 saw the highest layoffs in 22 years, a 183% surge from September and 175% higher than twelve months ago. Tech alone cut 33,000 jobs, nearly six times the prior month. Yet companies post record profits while doing more with fewer humans. The social contract–the promise that education and hard work secure a stable life–has frayed. Populism’s appeal among young people is no longer a debatable question. Just look at Mamdani’s unbelievable rise. Amidst this, consider the spectacle of OpenAI. What began as a public good to democratize AI is now seeking federal backstops while preparing for a $1 trillion IPO. It is a “nonprofit” that socializes risk while privatizing recently uncapped upside (because 100x wasn’t enough), with no accountability to the public whose data fuels its growth engine, the very engine that is replacing the majority of people who make society function. The audacity is almost comical if it weren’t so familiar already–something I can sense because I came of generation amidst the angst of Occupy Wall Street. But unlike the prior revolt, this outrage will metastasize differently. Enter OccupyAI. It will arrive sooner than we think, hit harder than we imagine, and confront existential challenges unlike any societal upheaval in recent memory. While it will look different from Occupy Wall Street, the core energy is the same: anger at privatized gains with socialized losses. The difference this time, however, is the scale and the target. And it will be much worse, because: The new enemy has no face. Unlike bankers in suits, AI is faceless, incapable of shame or empathy, and immune to accountability. “We are the 99%” no longer finds cohesion when you can’t definitively point at the 1%. The real issue is a decentralized network of computational authority, optimizing for efficiency at the expense of humanity under the guise of capitalism, dismantling the concept of social mobility entirely while the very tech companies avoid any liability (as “platforms” never do) at all cost. This will be a labor-value crisis. Unlike 2008, this is not a liquidity crisis. That means the Fed cannot “save the economy” with rate cuts or endless liquidity. The displacement happening in the knowledge economy is disconnected from the cost of capital. In fact, cheaper money accelerates automation, further eroding the link between the cost and benefits of human capital. The promise that “working hard and investing in yourself will pay off” is broken if industrial policy overwhelms monetary policy. If Occupy Wall Street was a moral awakening, a collective outcry against corruption, greed, and unfairness, OccupyAI will be about free will itself, the right to self-determination. It is no longer enough to demand accountability from the system. When decisions are made by models we cannot audit, optimized by incentives we cannot see, and deployed at speeds we cannot comprehend, the fight shifts from justice to agency. It is about preserving what makes us human. Once this sets in, it becomes clear that only an equally faceless, decentralized machine can stand against the next frontier of inequality. And if the post-trust movement that crypto represents is to stand as a true counterforce, it must aspire to something greater than Wall Street’s financialization or State co-option. In the highest of ideals, the broader crypto movement codifies agency–AI centralizes cognition; crypto decentralizes it. AI extracts value; crypto redistributes it. AI erases authorship; crypto preserves it. It is a different kind of digital labor altogether, away from the data determinism that the AI industry misrepresents as a “public utility.” The challenge ahead then is not just monetary debasement, but the debasement of human value itself. The young will face a choice: accept a world where human ingenuity is systematically devalued, or reclaim agency through constructivist systems that defend free will. Occupy Wall Street turned a generation of Millennials into hardcore Bitcoiners. Fifteen years later as we are now facing an even greater upheaval, OccupyAI will be the catalyst that turns Gen Z and Gen Alpha into cypherpunks. And this is how Bitcoin will rise again, not solely on wealth redistribution, but on self-determination–not only as a store of value, but as a store of values.
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Jeff Park retweeted
AI taking our jobs: This is a great point: "This will be a labor-value crisis. Unlike 2008, this is not a liquidity crisis. That means the Fed cannot “save the economy” with rate cuts or endless liquidity. .. In fact, cheaper money accelerates automation, ..."
If Occupy Wall Street was about the "1%" who rigged the price of capital, Occupy AI is going to be about the "∞" that rigged the price of labor My take on why #OccupyAI will be more existential than we think, and what that means for the resurgence of the crypto manifesto👇
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I’ll take it
I don't post about single stocks very often - but there is one stock of nostalgia that I've been looking at that has a fairly interesting setup heading into earnings on 11/6 - and that is $PTON
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Jeff Park retweeted
"Occupy Wall Street turned a generation of Millennials into hardcore Bitcoiners. Fifteen years later as we are now facing an even greater upheaval, #OccupyAI will be the catalyst that turns Gen Z and Gen Alpha into cypherpunks."
Replying to @dgt10011
For the mobile readers: Inequality is no longer just about wages. It’s everywhere–it’s in societal access, in opportunity cost, and even in the stock market. Today the top ten companies in the S&P 500 control nearly 40% of the index’s total value–a level of concentration unprecedented in modern history. It mirrors the dislocation we see in everyday life, where power, wealth, and opportunity are increasingly centralized while the rest of us are left scrambling. And the labor market is collapsing under the same weight. October 2025 saw the highest layoffs in 22 years, a 183% surge from September and 175% higher than twelve months ago. Tech alone cut 33,000 jobs, nearly six times the prior month. Yet companies post record profits while doing more with fewer humans. The social contract–the promise that education and hard work secure a stable life–has frayed. Populism’s appeal among young people is no longer a debatable question. Just look at Mamdani’s unbelievable rise. Amidst this, consider the spectacle of OpenAI. What began as a public good to democratize AI is now seeking federal backstops while preparing for a $1 trillion IPO. It is a “nonprofit” that socializes risk while privatizing recently uncapped upside (because 100x wasn’t enough), with no accountability to the public whose data fuels its growth engine, the very engine that is replacing the majority of people who make society function. The audacity is almost comical if it weren’t so familiar already–something I can sense because I came of generation amidst the angst of Occupy Wall Street. But unlike the prior revolt, this outrage will metastasize differently. Enter OccupyAI. It will arrive sooner than we think, hit harder than we imagine, and confront existential challenges unlike any societal upheaval in recent memory. While it will look different from Occupy Wall Street, the core energy is the same: anger at privatized gains with socialized losses. The difference this time, however, is the scale and the target. And it will be much worse, because: The new enemy has no face. Unlike bankers in suits, AI is faceless, incapable of shame or empathy, and immune to accountability. “We are the 99%” no longer finds cohesion when you can’t definitively point at the 1%. The real issue is a decentralized network of computational authority, optimizing for efficiency at the expense of humanity under the guise of capitalism, dismantling the concept of social mobility entirely while the very tech companies avoid any liability (as “platforms” never do) at all cost. This will be a labor-value crisis. Unlike 2008, this is not a liquidity crisis. That means the Fed cannot “save the economy” with rate cuts or endless liquidity. The displacement happening in the knowledge economy is disconnected from the cost of capital. In fact, cheaper money accelerates automation, further eroding the link between the cost and benefits of human capital. The promise that “working hard and investing in yourself will pay off” is broken if industrial policy overwhelms monetary policy. If Occupy Wall Street was a moral awakening, a collective outcry against corruption, greed, and unfairness, OccupyAI will be about free will itself, the right to self-determination. It is no longer enough to demand accountability from the system. When decisions are made by models we cannot audit, optimized by incentives we cannot see, and deployed at speeds we cannot comprehend, the fight shifts from justice to agency. It is about preserving what makes us human. Once this sets in, it becomes clear that only an equally faceless, decentralized machine can stand against the next frontier of inequality. And if the post-trust movement that crypto represents is to stand as a true counterforce, it must aspire to something greater than Wall Street’s financialization or State co-option. In the highest of ideals, the broader crypto movement codifies agency–AI centralizes cognition; crypto decentralizes it. AI extracts value; crypto redistributes it. AI erases authorship; crypto preserves it. It is a different kind of digital labor altogether, away from the data determinism that the AI industry misrepresents as a “public utility.” The challenge ahead then is not just monetary debasement, but the debasement of human value itself. The young will face a choice: accept a world where human ingenuity is systematically devalued, or reclaim agency through constructivist systems that defend free will. Occupy Wall Street turned a generation of Millennials into hardcore Bitcoiners. Fifteen years later as we are now facing an even greater upheaval, OccupyAI will be the catalyst that turns Gen Z and Gen Alpha into cypherpunks. And this is how Bitcoin will rise again, not solely on wealth redistribution, but on self-determination–not only as a store of value, but as a store of values.
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Jeff Park retweeted
now they tell us that first they rigged the stock market then they rigged the thought market the new class war is def human vs algorithm
If Occupy Wall Street was about the "1%" who rigged the price of capital, Occupy AI is going to be about the "∞" that rigged the price of labor My take on why #OccupyAI will be more existential than we think, and what that means for the resurgence of the crypto manifesto👇
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This feels like déjà vu. Power concentrating at the top, workers getting cut, and tech giants selling “progress” while quietly widening the gap. OpenAI asking for federal loan guarantees after calling itself a nonprofit says it all. Privatized upside, socialized risk. Same playbook, different era. The difference now is people actually see it. The next “Occupy” won’t be tents on Wall Street - it’ll be code, communities and capital flows moving away from systems that treat humans like data points. I get why they’re calling it OccupyAI. It’s not rebellion for attention - it’s defense of agency.
If Occupy Wall Street was about the "1%" who rigged the price of capital, Occupy AI is going to be about the "∞" that rigged the price of labor My take on why #OccupyAI will be more existential than we think, and what that means for the resurgence of the crypto manifesto👇
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Jeff Park retweeted
The Great Harvest is here, unfolding in real time while most people still believe they’re consumers, not crop. Human value, once rooted in skill, agency, and labor, is being methodically extracted, deconstructed, and recomposed as the raw feedstock for machines that neither sleep nor care. Every search query, every email, every idle scroll is an unpaid internship for an algorithm that will eventually render your own effort economically meaningless. Billions of human actions, each one unique, personal, and fleeting, are silently scraped, warehoused, and fed into neural networks that learn not just how to mimic you, but how to predict, replace, and ultimately surpass you. A new class of capitalists, who are the custodians of data, compute, and the models that shape reality... they simply have discovered the most profitable crop in history: the unwitting, unending river of human experience, willingly surrendered for convenience and fleeting dopamine. This is a harvest without tractors or fields, waged at global scale, indifferent to nation or creed. What’s being harvested is your attention and time, but additionally the substrate of meaning itself: taste, memory, intuition, even dissent. Every interaction becomes a tradable asset in a market where the supply of “you” is functionally infinite, and your market-clearing price trends toward irrelevance. This is much bigger than a labor crisis that people will make it out to be. We are living through an existential, civilizational event. For the first time, the average person is worth more as a training set than as a worker, citizen, or thinker. The market has found a new equilibrium: human value as negative externality, data as collateral for the next turn of the speculative flywheel. It's easy for people to call AI models tools for human progress but in reality they are extraction engines - refining, arbitraging, and compressing the last vestiges of human distinctiveness into synthetic capital. The central banks of this era issue tokens of simulated relevance, redeemable for little more than fleeting engagement. If you sense a hollowness to modern life, a growing irrelevance in the face of accelerating change, it’s not an illusion. It’s the silent math of extraction at scale. The more you share, the less you own. The more you participate, the more you are liquefied for value you’ll never see. There is no opt-out. Refusal itself becomes a data point, a variable for some future model. The only path forward is sovereignty. Over your mind, your code, your capital. Anything less, and you are the field, the fertilizer, and the yield. Harvested in perpetuity. Welcome to the era where human value is measured in its convertibility to machine relevance, and the only scarce asset left is the piece of yourself you refuse to give. Buy Bitcoin and tether yourself to scarcity.
If Occupy Wall Street was about the "1%" who rigged the price of capital, Occupy AI is going to be about the "∞" that rigged the price of labor My take on why #OccupyAI will be more existential than we think, and what that means for the resurgence of the crypto manifesto👇
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Fuckin 🔥
If Occupy Wall Street was about the "1%" who rigged the price of capital, Occupy AI is going to be about the "∞" that rigged the price of labor My take on why #OccupyAI will be more existential than we think, and what that means for the resurgence of the crypto manifesto👇
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Who is Justin park
This tweet is unavailable
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One trillion dollars is the executive market price to save the world Bargain