Balaji Srinivasan: Dollar Inflation Is Global Taxation
In a recent social media post, former Coinbase CTO Balaji Srinivasan argued that U.S. dollar inflation acts as a form of global taxation, highlighting the disparity in financial impacts between Americans and the global population. He noted that if the approximately $6 trillion printed since 2020 were distributed solely among the 330 million Americans, each would be accountable for nearly $20,000, rather than the less than $1,000 per person when considering the global population of over 8 billion. Srinivasan criticized those misinterpreting the financial aid distribution, suggesting that while they recognize inequities, they mistakenly conclude that Americans are being exploited. He proposed that a more effective approach would involve reforming the American-led world order incrementally, supporting conservative and libertarian movements abroad, and avoiding drastic measures that could weaken the U.S. position globally, particularly in light of historical parallels with Russia’s economic struggles in the 1990s.
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Bitcoin rebound to $88.5K stirs retail optimism, but there's a catch: Santiment
Bitcoin’s resurgence to $88,500 has reignited optimism among retail traders, but blockchain analysis firm Santiment’s analysis of social media predictions suggests caution.
In late February and early March, Bitcoin faced major pressure, with prices dropping to $78,000 twice. The decline was driven by several factors, including President Trump’s economic policies and tariffs, as well as macroeconomic factors.
Concerns about inflation and potential tighter monetary policies by the Fed contributed to risk-off sentiment, making Bitcoin and altcoins less appealing compared to safer assets.
During the same period, gold prices reached new highs, touching $3,057 in March 2025 after hitting $2,956 per ounce in February.
The price decline led to widespread fear among traders and investors. However, the second half of March brought a sharp reversal, with Bitcoin rebounding to $88,500.
The recent price recovery has shifted market sentiment toward mild greed, according to Santiment.
Santiment’s social media analysis shows traders are making bullish price predictions ranging from $100,000 to $159,000 for Bitcoin, while bearish forecasts span $10,000 to $69,000.
Santiment warns that crowd sentiment often signals the opposite of what actually happens next.
History suggests that when the majority of social media users predict soaring prices, the market is more likely to experience a downturn, the firm states. Conversely, when pessimism dominates and predictions turn bleak, prices tend to recover.
Santiment suggests caution during periods of extreme market sentiment. When social media is flooded with posts declaring “to the moon” or “lambo time,” it may be a warning sign of an impending correction.
“When you see “crypto is dead” or “bitcoin is a scam”, this should be music to your ears,” the firm noted.
Bitcoin traded at around $87,200 at press time, showing a 6% gain over the past week, according to CoinGecko data .
Arthur Hayes, co-founder of BitMEX, forecasts Bitcoin will surpass $110,000 , propelled by the US Fed transitioning from quantitative tightening to easing. This shift may inject liquidity into the market, bolstering the price of Bitcoin.
Markus Thielen, 10X Research founder, suggests that while easing measures and relaxed tariff discussions could support Bitcoin’s recovery, immediate catalysts for a dramatic surge appear limited.
George Harrap’s Journey From BitSpark To Step Finance On Solana
Few people can say they were in crypto before Bitcoin was a mainstream topic. George Harrap is one of those few. He wasn’t just an early observer but an active participant who shaped the way people interact with digital assets today.
If Step Finance sounds familiar to Solana users, George is the man behind the analytics dashboard. But George’s story isn’t just about technology. It’s about someone who wasn’t content to be a passenger in the digital revolution—he wanted to be in the driver’s seat.
Before the world knew about Step Finance, George had already built something else. He founded BitSpark, a blockchain-based remittance platform that sought to bridge the gap between cash and digital assets.
It was here that he learned firsthand about the friction of the global financial system—from prohibitive transaction fees to the slow pace of sending money across borders. The experience gave him not only technical insight but also a practical understanding of the problems everyday people face.
In turn, it was a pivotal moment that changed the course of his career. Rather than focusing on solutions, George began asking a more fundamental question: how can people see and understand what’s happening in their crypto world? It’s a simple question, but in the increasingly complex DeFi ecosystem, the answer isn’t so simple.
Enter Step Finance, an analytics dashboard that not only makes it easy for users to monitor their portfolios but also bridges them to the many features of the Solana network. George and his team saw a huge opportunity: the Solana ecosystem was growing rapidly but lacked tools to help them navigate its complexity.
Step served as the “front page of the internet” for Solana users, allowing them to track assets, exchange tokens, explore NFTs , and engage in yield farming without having to switch apps.
However, building on a new network like Solana was no small feat. It was fast and cheap, but it lacked documentation or standards. George often shared stories of Step’s ups and downs on social media, from mind-numbing bugs to insights into user behavior. He was active on Twitter, often giving pointed but honest commentary on where DeFi was headed.
Furthermore, he is not afraid to criticize things that he thinks are hindering adoption. For example, confusing UI/UX or projects that are too technical to the point of forgetting about ordinary users. This is where one thing becomes clear: George is not just building a product, but also helping to shape the direction of the industry he is working in.
George now lives in Dubai , a city that is rising as a magnet for blockchain projects and crypto innovators. This choice of residence is not arbitrary. Dubai offers a unique combination: relatively open regulations, access to a global investor network, and an active crypto community. From here he has developed a network and also become an advisor to other projects, showing that his role in the industry is more than just a single founder.
For example, he has been involved in discussions about how to integrate cross-chain analytics tools or how to create a user experience that is not bogged down in technical terms. His communication style is also straightforward.
Rather than wrapping ideas in complicated jargon, he chooses simple words that provoke discussion. Perhaps because of his background in the world of remittances, he is more sensitive to the needs of ordinary people than many other developers.
If there’s one common thread running through all of George’s projects, it’s a desire to make sense of the complex. Whether at BitSpark or Step Finance, the end goal is always the same: to put control back in the hands of users. He believes that transparency is the ultimate strength of blockchain , but openness alone isn’t enough—people also need to know what all those numbers mean.
This is where Step Finance becomes more than just a tracking tool. Step Finance serves as a concealed educational platform, enabling individuals to not only embrace the DeFi movement, but to truly comprehend its principles.
George has even criticized projects that lack a solid foundation and are merely hype. He’s more interested in sustainable development, even if it takes a little longer.