Thor Goldbar

By Thor Goldbar, on September 23, 2025
The year 2025 is proving to be a dark milestone in global financial history. While the American dollar, once the unshakable pillar of international trade, undergoes a record devaluation, the cryptocurrency market — touted as the digital salvation of the traditional economy — plunges into a catastrophic collapse. These two events, seemingly disconnected, are intertwined by threads of speculation, erratic government policies, and a widespread erosion of confidence in risk assets. In this article, we explore the causes, impacts, and potential exits from this financial storm, based on recent data and expert analyses.

"The inflation that impoverishes and demoralizes continues, not out of economic necessity, but by political will and public acquiescence..."
Thor Goldbar
Nov 19, 2025
By Michael Matulef, Mises Institute
Every great economic illusion begins with the corruption of a word. Inflation once popularly meant what it still truly means – the artificial expansion of money and credit. But over time, it has been redefined to describe its consequence and not its cause. This deliberate inversion of language serves a political purpose: it shifts the blame from those who create money to those who merely spend it, transforming an act of monetary fraud into a mere statistical "phenomenon." The result is profound. By redefining inflation, governments have obscured its nature, economists have lost its meaning, and citizens have come to accept their gradual impoverishment as an inevitable fact of life. The Austrian tradition – more than any other – seeks to restore that lost clarity: to call things by their proper names and remind us that inflation is not a symptom of capitalism's failure, but of the government's attack on money itself.

A big headline today is that Michael Burry, of The Big Short fame, is closing his fund, Scion Capital. In his resignation letter, he wrote: “Sometimes, we see bubbles. Sometimes, there is something to be done about it. Sometimes, the only winning move is not to play.”

I have been in markets long enough to believe that short sellers are generally more objectively correct than most investors. They called Enron a fraud when investment banks were telling people to buy it, they blew the whistle on Madoff before he collapsed, and they repeatedly warned about 2008 on national television before the entire global economy almost collapsed.

Cryptocurrencies are not just digital money — they are a global experiment in trust, incentives, and governance. In recent years, we have seen tokens emerge for everything: payments, art, identity, and even social coordination. But the crucial point that many people ignore is this: the true revolution is not to replace banks, but to redesign how we make collective decisions with economic signals.
- Real decentralization is a social construct: open code and nodes are just infrastructure. Without communities that define norms, update protocols, and enforce reputation, decentralization becomes a myth.

An evaluation — without guarantees — of the factors that increase or limit the possibility of ZEC reaching $1,000.

Straightforward summary: it is possible, but unlikely in the short term; it depends on adoption, circulating supply, market sentiment, and privacy regulation. Specific predictions are highly uncertain.

Main factors that could lead ZEC to $1,000
- Growing adoption: real use in payments, services that require privacy, and integration in wallets/exchanges.
- Effective supply: if a large portion remains illiquid (staking, vaults), reduced circulating supply may inflate the price.