Will Cryptos Become Global Reserve Currency As Economic Powers Fracture?
Recent events suggest that the world is moving toward a bifurcated form of globalism, with two different ideological systems competing for world leadership. At the same time, technological advances in financial markets, or fintech, have birthed a new asset class that competes with fiat currencies. Cryptocurrencies are an ideological means of exchange that reject any government control or involvement. Cryptos return the power of valuing the exchange instruments to individuals who buy and sell them in a transparent marketplace with technological advantages that increase transaction speed, improve efficiency, and create a trail for record-keeping. Globalism and cryptocurrencies can exist hand-in-hand in an ideologically bifurcated world.
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