Balaji Srinivasan, a prominent technology investor, argues that markets are misinterpreting the long-term potential of cryptocurrencies by focusing too heavily on short-term price volatility. In a social media post on February 5, 2026, Srinivasan emphasized that decentralized networks are poised to replace failing global institutions, reshaping economics and governance. He stated, "I have never been more bullish on crypto," highlighting a shift from a rules-based to a code-based order. Srinivasan contends that while geopolitical instability undermines traditional institutions, blockchain technology offers durable infrastructure for uncertain environments. He suggests that the future will require not only onchain currencies but also onchain companies, as state capacities diminish. His vision extends beyond digital assets, advocating for "internet capitalism, internet democracy, and internet privacy," with cryptocurrency as a foundational element.