Source: Balaji - Former CTO of Coinbase and Former GP at a16z
Just overnight, the majority of the net worth of the next president of the United States ($59 billion) is now held in crypto. Even if the value drops by 90%, this remains true.
So what is the impact of this?
1️⃣ TRUMP IS NOW A CRYPTO WHALE
• Previously, crypto may have only accounted for 1% of Trump's net worth, but now it accounts for over 90%.
• This is similar to those who held Bitcoin, Ethereum, and Solana early on, when their assets suddenly surged.
2️⃣ THIS PHENOMENON WILL SPREAD AS FIAT DEVALUES
• In our lifetime, billions will experience the rapid devaluation of non-crypto assets as fiat gradually weakens.
3️⃣ THE POLITICAL & ENTERTAINMENT WORLD IS WATCHING CLOSELY
• Politicians, influencers, and celebrities are all amazed by this.
• If the $TRUMP meme coin can hold its value, many people may issue their own tokens.
4️⃣ THE FUTURE OF PERSONAL MEMECOINS
• If thousands of celebrities release their own memecoins, that's fine as long as people know they're buying personal brands.
5️⃣ THE FUTURE OF $TRUMP – UNLIKE OTHER MEMECOINS
• Most celebrity memecoins quickly drop to zero, but Trump has unique advantages:
◦ 100M+ followers.
◦ 24/7 news about him.
◦ Legal immunity as president.
◦ Unprecedented control over the U.S. government.
6️⃣ TRUMP HAS MOTIVATION TO LEGITIMIZE CRYPTO
• Regardless of any political attack against him, Trump now has a huge incentive to legitimize crypto in the most positive way.
7️⃣ WILL BE ATTACKED FOR CONFLICT OF INTEREST, BUT...
• Although this will be attacked, other politicians also have similar "interest groups":
◦ Biden has benefited from funding.
◦ Pelosi manipulates the stock market.
◦ Hillary makes money from speaking.
◦ Obama signed a contract with Netflix.
• Trump may argue that at least he does everything publicly.
8️⃣ HOW TO RESOLVE CONFLICT OF INTEREST – AIRDROP FOR AMERICANS?
• Optimal solution: Airdrop a portion of $TRUMP tokens to all American citizens.
• If legal difficulties arise, Trump can personally email supporters, giving them a free amount of $TRUMP.
9️⃣ WHAT WILL HAPPEN IF TRUMP AIRDROPS $TRUMP?
• If Trump announces 72 hours in advance, even Democrats will sign up for emails to receive the airdrop.
• Is it legal?
◦ Politicians have previously sent emails soliciting donations, but no one has ever sent airdrop free money.
◦ If done correctly, there's no reason this should be illegal.
🔟 TRUMP CAN USE AIRDROPS TO BUILD POLITICAL SUPPORT
• If Trump airdrops $100 $TRUMP to 77 million supportive voters, it would only cost $7.7 billion.
• If he distributes $500 per person, he still has $20 billion left.
• This will create a new type of "UBI", turning supporters into a more loyal community than ever.
1️⃣1️⃣ A NEW TYPE OF SOCIAL CONTRACT?
• If 77 million Americans benefit from $TRUMP, the conflict of interest accusations will become irrelevant.
• This could be a form of direct relationship between the president and citizens, bypassing political intermediaries.
Worth considering.