Brian Armstrong, CEO of the U.S.’s largest cryptocurrency exchange, Coinbase, acknowledged the significant role of new media in shaping election outcomes, crediting the company’s former tech head Balaji Srinivasan for his early foresight.
What Happened: On Sunday, Armstrong took to X to express his views on the changing media landscape and its impact on elections.
“This seems like the first election where new media has fully flipped traditional media. Long form podcasts, X/social, prediction markets, etc. deciding this election,” the cryptocurrency mogul wrote.
Armstrong added that Balaji Srinivasan, a renowned Silicon Valley investor and Coinbase’s former Chief Technology Officer, was the first to identify this trend around 7-8 years ago.
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