PANews reported on January 20 that former Coinbase CTO Balaji Srinivasan posted on the X platform: "Overnight, the vast majority of the next US president's net worth ($59 billion) is now held in the form of cryptocurrency. This is true even if it drops by 90%. With the demise of fiat currency, this phenomenon - the relative depreciation of all non-cryptocurrency assets overnight - will be experienced by billions of people around the world in our lifetime. Every politician, influential person and celebrity in the world is eagerly watching this phenomenon. They will wait and see how it will develop politically and economically.

Trump's coin issuance will be accused of conflicts of interest, but at current valuations, Trump could give all 77 million Trump voters $100 in locked TRUMP via airdrop, which would only cost him $7.7 billion, and the asset was worth zero two days ago. He could give everyone $500 and still have more than $20 billion left. This could even provide him with the necessary political support to completely destroy the Democratic Party's sponsorship machine. Basically, by joining Trump's email list and supporting his crypto policies, participants will receive a kind of UBI. If 77 million Americans also benefit from Trump, then the conflict of interest charges will disappear. This will be a new social contract, a personal relationship between the president and the citizens. "

Earlier today, former Coinbase CTO said: Meme coin is a zero-sum lottery, calling for the purchase of long-term value-preserving assets