https://pixabay.com/photos/network-earth-block-chain-globe-3607640/
A Trustless World.
Cryptocurrencies are thriving for a multitude of reasons. Some include; a more frictionless, secure and private way to transact value; a geopolitical shift from a unipolar to a multipolar world, and a growing number of nations that are diversifying their political and economic partnerships because they do not want to be dependent on any one economy. Hence, we are moving into a trustless world. And Bitcoin, along with other protocols, will thrive in this future.
People love their privacy.
It is no big secret that cryptocurrencies have much less transactional friction than a siloed fiat based system. Cryptocurrencies are also more secure, relying on cryptographic proof instead of trust. And because cryptographic proof is used instead of trust, there are less “trusted” third parties to compromise account anonymity, this adds to more participation, because people and governments love their privacy. These are some of the reasons people find more value with network money.
A decentralized global system.
The geopolitical shift from a unipolar (led by the United States) to a multipolar world (where no one nation has a clear economic, military or political advantage over the next less-powerful few) creates a more decentralized global system to where decentralized platforms will act as global clearing houses for trade.
Non-nation-state based store of value.
Crypto economic protocols such as Ethereum, Cardano, or Bitcoin (as a non-nation-state based store of value) can easily gain market share in this kind of multipolar environment. The logic is, why choose sides (allocating wealth) in an ever-growing power struggle between major powers where it can be seized by a national government because I didn’t choose the “correct side.” Especially with growing tensions between China and the United States, and the conflating alliances that are born from that.
In Conclusion.
Cryptocurrencies came at the right time; where frictionless, secure and private transactions; geopolitical shifts, and new economic partnerships are more sought after than ever. I am looking forward to this brave new world, and keeping my fingers crossed that we all do it right.
Stay frosty people.
50% allocated to ph-fund.