The chief executive of market intelligence firm CryptoQuant is identifying a “killer” future use case for crypto assets.
In a new thread, Ki Young Ju tells his 402,000 followers on the social media platform X that the political process will eventually become tokenized due to its narrative-driven nature.
According to Ki, the way digital assets are designed makes them a perfect fit for politics, noting that Trump’s crypto asset Official Trump (TRUMP) – which launched last month – is just the start.
“PoliFi will be crypto’s killer use case.
A strong crypto asset attracts capital and talent through a compelling narrative, forming a self-building internet organization.
A narrative gains strength when it: 1) Resonates with the majority. 2) Features extreme, provocative themes. 3) Sparks divisive debate.
Politics checks all three boxes – it’s widely relatable, provocative, and inherently polarizing. Political parties should issue their own coins. Members would invest, fostering belonging, while the free market quantifies public sentiment.
Given their built-in narratives, these communities would be self-sustaining and highly engaged. Imagine the Republican and Democratic parties launching official PoliFi coins. Imagine ETFs (exchange-traded funds) tracking politician-backed tokens. Trump Coin is just the beginning.”
TRUMP is trading for $17.39 at time of writing, a fractional increase on the day.
Ki goes on to note that a “selective” altcoin season is here, meaning that altcoins from certain groups are managing to stay afloat amid uncertain market conditions.
“‘Only a few altcoins have a high correlation to Bitcoin right now. Infra coins like Ethereum are sluggish, while those tied to institutional adoption, stablecoins, and memes have survived.”
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Featured Image: Shutterstock/Moksha Labs/Natalia Siiatovskaia
