Balaji Srinivasan, former CTO of Coinbase, has expressed concerns about the potential threats posed by tech giants to the cryptocurrency industry. He specifically mentioned Apple and Google, warning that the federal government could use their iPhones and Android devices to tamper with private keys.

Srinivasan also highlighted the increasing importance of cryptocurrencies in global politics, suggesting that financially struggling governments may need to acquire sufficient Bitcoin to fund their operations. He speculated that desperate governments could attempt to coerce tech companies into searching for private keys on their servers, devices, and browsers, serving as a financial lifeline for a cash-strapped administration.