The issues concerning the global adoption of cryptocurrencies comes down to a basic theory.
1: Governments and financial institutions are quite content with the status quo, its a matter of power. Control of the people’s purse strings is a way of keeping the citizenry docile, thus preventing any rebellion.
2: Because of point number 1 populations are going to be reticent to adopt a new form of currency. Pavlov’s experiments demonstrated how we all can become conditioned to think and perform in a certain manner.
With that said, “times are a changing”, economies across the globe are in deep trouble printing Fiat on a scale never seen before, all in an attempt to help their populations survive the economic downturn caused by the coronavirus. The resulting inflation opens the door to a possibility of real reform, a new global financial system based on blockchain technology.
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