The cryptocurrency economy is going through a correction and its about time!
The evolution of the worlds banking and economic systems will take time to adjust and adapt to the radical changes that cryptocurrencies have brought to it. They will naturally fight back and because Economies and Governments share the same DNA, they will go through the following process:
- Fight to supress
- Fight to regulate
- Fight to tax
- Fight to monitor
Once they have done all this and come to find that the PEOPLE have spoken and chosen their method of economics, only then will Governments and Legacy Economies accept it and stop suppressing it. Finally complete adoption will take place and we will see legacy institutions like the Government implement blockchain and possibly their own cryptocurrency.
We are seeing the evolution of Economy v 2.0 taking shape.
If you have cryptocurrency then HODL them. They will gain momentum again and increase in value. Corrections are good. They prevent too much mass hysteria from dilu