Odaily Planet Daily News: Former Coinbase CTO Balaji Srinivasan wrote on X that overnight, most of the net worth of the next US President Trump ($59 billion) is now held in the form of cryptocurrency. This is true even if it falls by 90%, which means:
1) Trump's crypto assets have jumped from 1% to 90%, similar to the wealth accumulation path of early Bitcoin and Ethereum holders;
2) This rapid depreciation of non-crypto assets may occur globally in the future;
3) If TRUMP continues to rise, it may trigger political and business celebrities to follow suit and issue personal tokens.
He suggested that Trump could resolve potential conflicts of interest through airdrops. At current valuations, Trump could provide all 77 million Trump voters with $100 in locked TRUMPs through airdrops, which would "only" cost him $7.7 billion in assets, which was zero two days ago. In short, he could give everyone $500 and still have more than $20 billion left.
Balaji believed that this would be a new social contract, a personal relationship between the president and the citizens.