Balaji Srinivasan Gives A Nod To Pro-Bitcoin El Salvador President Nayib Bukele's Theory On US Government Funding: 'DC Isn't Funded By Taxation, It's Funded By Inflation'
Portfolio Pulse from Aniket Verma
Silicon Valley investor Balaji Srinivasan supports El Salvador President Nayib Bukele's view that the U.S. government is funded by inflation rather than taxation. This comes amid Kamala Harris' controversial tax proposal and El Salvador's adoption of Bitcoin as legal tender.
August 29, 2024 | 6:58 am
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POSITIVE IMPACT
El Salvador's adoption of Bitcoin as legal tender and its President's views on US economic policy could influence Bitcoin's perception and value, especially with Srinivasan's support.
Srinivasan's endorsement of Bukele's views on US funding through inflation aligns with El Salvador's Bitcoin adoption, potentially boosting Bitcoin's appeal as an alternative currency.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80