‘All Property Becomes Cryptography:’ Balaji Srinivasan Believes All Valuable Assets Will Be Powered By Blockchain One Day
Silicon Valley investor and economic commentator Balaji Srinivasan predicted that all valuable assets will be secured and managed through blockchain technology in the future.
What happened: In a blog post published on Sunday, Srinivasan provided several examples to support his argument.
He starts by noting that trillions of dollars worth of Bitcoin (CRYPTO: BTC), which BTC advocates frequently refer to as “digital gold,” is already secured on blockchain networks.
Next, he pointed out that stablecoins getting regulatory clarity as a legal “on-chain currency” paves the way for other financial assets, such as stocks and bonds, to be powered by blockchains.
Srinivasan referenced an old video showing a door that can be unlocked using Ethereum (CRYPTO: ETH) after verifying non-fungible token ownership. He argued that even physical properties, like homes or cars, can be …
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