- Ki Young Ju believes that PoliFi will be crypto’s killer use case
- He says the nature of politics and crypto are very similar
- He says all political figures need their own token
CryptoQuant CEO Ki Young Ju believes that the nature of politics and crypto are very similar in their key aspects and PoliFi will be crypto’s killer use case. He predicts that the TRUMP token is a predecessor of this and that every political party and movement needs to be tokenized.
More about Ki Young Ju’s Statement and the Tokenization of Politics
Ki Young Ju shared in X his vision of what role crypto will play in the future of politics, namely the tokenization of political figures, parties, and movements.
His post highlights the points that are probably self-evident to many, though the arguments are worthy of consideration. All political phenomena can be reduced to ideas, and it is much more effective to consolidate attention and efforts toward them if they take more definite forms.
One such perfect form can be the tokenization of assets using blockchain technology, making these ideas concrete, immutable, and tangible, enabling a range of appropriate use cases.
Buying, selling, and accumulating assets representing certain ideas can probably reflect very accurately how many people and how steadfastly they believe in them, and show the live dynamics of this change. This could be a further confirmation, as well as a highly effective tool of the attention economy in which we live today.
“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.”
Conclusion
Ki Young Ju’s thoughts are not new and have probably occurred to many. However, he’s done a pretty good job of breaking it down into its elements and making noteworthy arguments.
Is TRUMP a real predecessor to this as a steady and consistent movement or just another hint of it that has appeared before? That remains to be seen. Be aware and stay tuned.
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