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 …