PANews January 20 news, former Coinbase Chief Technology Officer Balaji Srinivasan posted on the X platform saying: "Overnight, the vast majority of the next US president's net worth ($59 billion) is now held in the form of cryptocurrencies. Even if it drops 90%, that will still be the case. As fiat currencies disappear, this phenomenon - all non-crypto assets depreciating overnight relative to each other - will be experienced by billions of people worldwide in our lifetime. Every politician, influencer, and celebrity in the world is keenly watching this phenomenon. They will be watching to see how it develops politically and economically.

Trump's coin issuance behavior may be criticized as a conflict of interest, but at current valuations, Trump could airdrop $100 locked TRUMP to all 77 million Trump voters, which would only cost him $7.7 billion, and two days ago this asset was worth zero. He could give everyone $500 and still have over $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 form of UBI. If 77 million Americans also benefit from Trump, the conflict of interest allegations will disappear. This will be a new social contract, a personal relationship between the president and the citizens."

Earlier today, Former Coinbase CTO: Meme coins are a zero-sum lottery, calling for the purchase of long-term value-preserving assets