The post Coinbase’s Former CTO Proposes a $7.7 Billion Crypto Airdrop to Reward Trump’s Loyal Voters appeared first on Coinpedia Fintech News
Balaji Srinivasan, former CTO of Coinbase, recently proposed a bold idea: Trump could airdrop TRUMP tokens to all 77 million Americans who supported him in the last election. This idea could change the way politics and cryptocurrency interact. But how would it work, and what does it mean for the future of money?
Trump’s $59 Billion Crypto Fortune
Balaji Srinivasan suggests that Trump’s net worth could be redefined if he shifts most of his wealth into cryptocurrency. Currently valued at $59 billion, Trump could, in theory, hold 90% of his fortune in crypto, just as many early Bitcoin and Ethereum investors did.
Srinivasan warns that this isn’t just a U.S. phenomenon. As fiat currencies lose their value over time, millions across the globe will likely face similar transitions to crypto wealth. Politicians, celebrities, and influencers worldwide watch this change closely.
The future of money might be digital, and Trump’s crypto journey could be the first of its kind on the global stage.
Can TRUMP Token Will Survive?
The big question is whether the TRUMP token will retain its value. History has shown that celebrity-backed coins tend to fall quickly. However, Trump is no ordinary celebrity. Trump has over 100 million followers and continues to receive constant media attentio
Unlike other celebrity-backed tokens that failed to keep their value, the TRUMP token could benefit from Trump’s powerful influence, provided it manages to keep the public’s interest.
Airdrop Proposal: $100 per Voter?
One of the most eye-catching elements of Srinivasan’s proposal is the potential airdrop of TRUMP tokens to all 77 million Trump voters. If Trump were to give $100 worth of TRUMP to each supporter, it would cost him roughly $7.7 billion.
While this amount might seem large, it could make sense given the rapid growth of the TRUMP token’s value. By offering free tokens, Trump could not only gain more support but also strengthen his base, turning loyal voters into even more dedicated followers.
Legal and Ethical Considerations
Of course, there are some legal and ethical concerns that could arise from such a move. While it’s common for politicians to ask for donations, no politician has attempted to send an airdrop of cryptocurrency to millions of people.
Srinivasan believes Trump could overcome these challenges by presenting the airdrop as a personal, voluntary exchange.