{"id":8564,"date":"2025-01-20T06:47:37","date_gmt":"2025-01-20T06:47:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8564"},"modified":"2025-01-20T06:47:37","modified_gmt":"2025-01-20T06:47:37","slug":"donald-trump-now-holds-90-of-net-worth-in-crypto-what-this-means","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8564","title":{"rendered":"Donald Trump Now Holds 90%+ Of Net Worth In Crypto, What This Means"},"content":{"rendered":"
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Donald Trump now reportedly holds over 90% of his net worth in cryptocurrency. This revelation has sparked intense debate across social media<\/a>, with prominent tech entrepreneur and former Coinbase CTO Balaji Srinivasan weighing in on the potential global implications.<\/p>\n

Writing on January 19 via X, Srinivasan called<\/a> this development a \u201cFIRST CRYPTO PRESIDENT.\u201d In his words, \u201cOvernight, the vast majority of the net worth ($59B) of the next President of the United States is now held in cryptocurrency. This will hold true even with a 90% drop.\u201d He further pointed out that Trump\u2019s stake in crypto soared from possibly 1% of his holdings to well over 90%, which Srinivasan likened to the early days of Bitcoin, Ethereum, and Solana adopters who saw similar meteoric changes to their personal wealth<\/a>.<\/p>\n

What The TRUMP Memecoin Means For Crypto<\/h2>\n

Srinivasan expressed a view that this phenomenon, where non-crypto assets are overshadowed by crypto almost overnight, might soon happen on a wider scale, saying, \u201cThis phenomenon \u2014 the overnight relative devaluation of all non-crypto holdings \u2014 will be experienced by billions globally within our lifetime as fiat dies.\u201d According to him, Trump\u2019s vast existing audience and his significant influence over political discourse could place him in a uniquely advantageous position. He observed that \u201cevery politician, influencer, and celebrity worldwide is watching mouth agog at the phenomenon. They\u2019ll wait to see how it shakes out politically and financially, and if the memecoin shows staying power \u2014 big if! \u2014 they may do their own.\u201d<\/p>\n

Srinivasan argued that if thousands of personal memecoins emerge, investors would know they are primarily betting on a personal brand, saying, \u201cevery buyer knows what they\u2019re buying: the potential future brand value of the meme.\u201d In scrutinizing whether a Trump-branded token could withstand the volatility that causes many celebrity tokens to plummet, Srinivasan singled out the Trump\u2019s massive following, \u201cdaily non-stop coverage,\u201d and what he called \u201cpresidential immunity\u201d as factors that might buoy a token\u2019s value. \u201cTrump is Trump,\u201d he wrote, underscoring the uniqueness of someone with more than one hundred million global followers and \u201cunprecedented control over the government.\u201d<\/p>\n

Because of these advantages, Srinivasan suggested that any backlash from Washington might lead the incoming US president to \u201cdebate across social media<\/a> in the most aggressive way possible,\u201d as the incentives for him to protect his own digital wealth would align with pro-crypto regulatory frameworks. He noted that critics would most likely assail this scenario as a direct conflict of interest.<\/p>\n

Yet, he also alleged that it would be no different from how other high-level public figures have profited over time, remarking that \u201cBiden took 10% for the big guy, and Pelosi<\/a> traded her stocks, and Hillary monetized her speeches, and Podesta had his $300B climate slush fund, and Obama got his Netflix deal. All became millionaires via various deniable forms of payola for Democrats.\u201d By contrast, Srinivasan said, \u201cTrump\u2019s rebuttal may be that he\u2019s just doing everything in public. His claim may be that disclosure solves the conflict of interest problem.\u201d<\/p>\n

Nevertheless, public disclosure alone would not put to rest concerns about whether the interests of Trump\u2019s office could be decoupled from the performance of the digital assets he owns. Srinivasan drew a parallel between a corporate chief executive and a head of state, suggesting that alignment is the key issue: \u201cThe CEO of a company is typically one of the largest shareholders, but he is aligned with all his employees because they hold the same shares. All holders rise and fall as one, ideally.\u201d<\/p>\n

By analogy, he speculated that in a purely aligned system, a president\u2019s holdings and those of ordinary citizens might converge in something like a national cryptocurrency. \u201cYou would ideally want the President to be aligned with his citizens, such that they all held (say) USA coin, which gave some dividend from the profits of the USA. Kind of like the Alaska Permanent Fund.\u201d<\/p>\n

Srinivasan then raised the possibility of Trump distributing tokens to the public, proposing that \u201cone way of solving the alignment problem would be for Trump to airdrop some TRUMP to every US citizen\u201d or at least to every supporter in his database. Such an unprecedented move would test legal boundaries, since \u201cto my knowledge no politician has attempted a personal airdrop before, to give away money \u2014 and certainly not at this scale.\u201d<\/p>\n

He suggested that if the current valuations hold, Trump could distribute the equivalent of one hundred dollars\u2019 worth of TRUMP to all seventy-seven million of his voters at a cost of roughly 7.7 billion dollars in an asset \u201cthat was worth zero two days ago.\u201d Srinivasan reasoned that the cost to Trump might be offset by an immense expansion of his political brand, especially if the only requirement for the airdrop was signing up for his personal email list. \u201cIt would \u2018pay for itself\u2019 by turning his base into even more rabid supporters.\u201d<\/p>\n

He speculated that this could undermine longstanding patronage structures within American politics, especially \u201cthe Democrat patronage machine,\u201d by incentivizing individuals to back pro-crypto policies in exchange for an effective universal basic income. \u201cIf 77M Americans are also benefiting from TRUMP, charges of conflict of interest go away. It\u2019d be a new kind of social contract, a personal relationship between President & citizen.\u201d<\/p>\n

At press time, TRUMP traded at $58.00.<\/p>\n

\"TRUMP<\/div>\n","protected":false},"excerpt":{"rendered":"

Donald Trump now reportedly holds over 90% of his net worth in cryptocurrency. This revelation has sparked intense debate across social media, with prominent tech entrepreneur and former Coinbase CTO Balaji Srinivasan weighing in on the potential global implications. Writing on January 19 via X, Srinivasan called this development a \u201cFIRST CRYPTO PRESIDENT.\u201d In his […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8564","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8564"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8564\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}