29 - Network State Conference 2026 - Alex Recouso on Plan B Passports

Anyone here can use cryptocurrencies to send $1 million across the planet before I present myself. But you can't move freely. Crypto solved capital mobility. Human mobility still requires permission. I'm Alex Rigosa and for the past 5 years at Citizen X, I have created the easiest way to diversify your passport portfolio. Because no serious investor holds 100% of their wealth in one asset. But for some reason, somehow, most people still leave their mobility options to a single jurisdiction. From all the elements of your sovereign stack, your citizenships, residencies, your visas, your passport is the most critical one for your mobility, your stability, and your optionality. Balaji says that cash is king, but passport is queen. The same way cash carries a premium because of its liquidity, your passport gives you mobility. And this optionality that your passport gives you, it's not just about where you can travel, where you can work, not even where you can live, but whether you can live. The worst states in history revoked the human right to exit. The Nazis, the Soviets, the Cubans, the North Koreans, they didn't let their citizens leave. The enemy classes and enemy races were first debunked and then denaturalized at best. At worst, they were simply murdered. That's why the right to exit is what keeps state power in check. People voting with their wallet and with their feet. It's this >> [snorts] >> individual power and this individual freedom that creates our ultimate optionality. Sovereign money and multiple citizenships are our ultimate hedge to protect our individual freedoms. And it's these individual freedoms that aggregated through networks are capable of big changes. Online networks now shape state policy. Here's some network diplomacy. In 2022 now CitizenX CMO Katie Ananina wrote an open letter to the new president of El Salvador, Nayib Bukele, proposing a new passport program for Bitcoiners. El Salvador now offers citizenship through a $1 million Bitcoin donation. No language requirements, no visits requirements, just pure Bitcoin alignment. Also showing how nation-states can raise funding and accumulate Bitcoin by issuing citizenship. El Salvador is now a small state powered up by the Bitcoin network. And at CitizenX we are already working to bring these type of programs to other countries around the world so they can also attract capital and talent from global networks. Now more than ever before countries are competing for mobile capital and talent just very much like startups compete for funding and engineers. For most of history your citizenship was an accident determined by where you were born. But today more of us have the possibility to go where sovereignty respects our freedom. That's what we're doing at Citizen X, helping people like you acquire additional citizenship, second passports, in a safe, secure, and seamless way. And helping forward-looking sovereigns to create better passport programs designed by the network for the network. So, think deeply, not just about the allocation of your capital, but the location of your citizenships. Where are you and your family going to enjoy safety, privacy, and freedom for the next 100 years? Thank you.