This is highly unrealistic. Sure, some elites may shift some of their wealth from fiat currency to Bitcoin in the face of the crisis, as happened in Cyprus. But it is hyperbolic to suggest this will happen with a speed and scale that would render the government’s financial and monetary policies moot. Assuming Greece were kicked out of the EU and the Euro, the Greek government would itself still be a huge spender of, say, drachmas, which would offset any attempt at mass fiat currency flight.

Greek elites may jump on Bitcoin, but they are not going to lead a populist monetary rebellion. The world’s wealthiest have already achieved what Kelly describes, having adopted transnational lifestyles, with assets distributed to safe havens around the world, in places to which they can freely travel. Few of them are fully subject to the monetary whims and crises of their home countries. That is one real outcome of globalism. Bitcoin won’t achieve that for the average man in the street.