On crypto and space

Crypto has matured out of the zero-to-one stage. I’m now fixing my eyes on space, the final frontier.

Crypto will always have a special place in my heart. It was the first technological revolution that I didn’t only witness, but actively took part in.

I cofounded Aragon in 2016 to move companies onchain. We ended up focusing on DAOs (for regulatory reasons), and today more than $30bn in assets are governed by Aragon’s smart contracts.

When we launched Aragon in 2017, the total stablecoin supply was $10m. DeFi was still just a dream in whitepapers. And yet here we are today. Bitcoin has become a reserve asset, stablecoins are a national priority and DeFi is redefining finance.

The regulatory environment has gone from awful to incredibly supportive. Crypto has never had more tailwinds.

At the same time, it has matured so much. A lot of the value will soon be captured by large incumbents with existing distribution who will leverage crypto to better their products.

I got into crypto as a teenager. I was idealistic and naive. That cypherpunk vision is what attracted me. But success is a double-edged sword: crypto has succeeded, but those founding principles have been watered down. This is a normal process in every technological revolution.

Even though I co-founded CitizenX in 2023, I kept an ear on the crypto ecosystem until 2025, when I decided to turn the page. I still think Bitcoin, Ethereum and DeFi have produced something of extraordinary value, but I believe it’s time to invest my capital and my time in something else.

I love the zero-to-one. I love religiously holding beliefs that sound outrageous to almost everyone in their sane mind.

Crypto is now in its one-to-ten stage. What’s still in the zero-to-one stage? Space.

As a kid, I couldn’t help but look up to the sky on a starry night and ask myself "why do we exist?" I'm not sure there's an answer, but if there's one, it's waiting for us out there. As I became a teenager, I realized that being raised in a tiny town in Northern Spain, I could never have access to what I needed to explore the mysteries of space.

So I got into the world of bits. First open source, then startups and crypto.

But I feel it’s now the time to revisit my childhood passion, and come back to the world of rockets and atoms.

I’ll finish with the three words that both crypto and space share: To the moon!