Former Coinbase CTO: MAGA policies attempting to quickly cut imports, shut down institutions, and withdraw from wars may lead to the dollar losing its international status

ChainCatcher news, former Coinbase CTO Balaji Srinivasan pointed out in a social media post that MAGA has four major misconceptions that could hand global dominance to China. He believes that MAGA mistakenly attributes the U.S. economic downturn to competition itself rather than a lack of competitiveness; blames the issues on global leadership itself rather than poor leadership; overreacts to "hostile forces" both domestically and internationally; and fails to realize that dollar hegemony relies on America's global influence.

Balaji noted that MAGA's attempts to quickly cut imports, shut down institutions, and withdraw from wars could undermine the foundation of America's global empire, ultimately leading to the dollar losing its international status and causing serious consequences for the U.S. and its allies. He emphasized that the root of the problem lies in the lack of competitiveness of American products and the absence of leadership, rather than globalization itself.