According to online reports, former Coinbase CTO Balaji tweeted that tariffs may be bad for the U.S. economy, but good for cryptocurrencies. He explained: Production cannot be increased in a short period of time, but prices can rise rapidly. The United States relies more on the proceeds of currency issuance than on manufacturing profits than on re-establishing production. Global capital will shift upstream, even as offline nationalism and socialism are on the rise. The only truly enforceable cross-border contract in the future will be smart contracts. While a country's economic commitments may be unreliable, the mathematical guarantees of cryptography are.