According to Balaji Srinivasan, Bitcoin is currently the only safeguard against inflation and potential seizure of assets by the US government, which is on an unsustainable path of spending.
As a former CTO of Coinbase and current general partner of a16z, he expressed his perspective on the current state of affairs in the US, stating that we are currently witnessing the empire’s collapse and looting of its treasury.
Srinivasan highlighted the worrying trend of increasing public debt and spending in the US, with the former reaching a staggering $34.5 trillion as of 2021, a 25% increase from the previous year.
He outlined four possible responses to this issue: denial, political action, resignation and simply “feeding at the trough”, or reducing government spending by utilizing the power of Bitcoin, which is far less vulnerable to seizure or inflation.
The entrepreneur acknowledged that the last option may seem extreme, but it is a realistic and viable solution.
