Rightly or wrongly, I have personally come to the conclusion that the gameplan of the US Government is to transition, over-time, from the current debt based, fiat system, started in 1913, and then taken off the gold standard in 1971, to a new digital / crypto based system. My estimate is that with Blackrock filing for a Bitcoin Spot ETF, the race is on. My guess is three to eight years for the complete transition in the USA. Other countries are ahead of the USA in this transition. Switzerland, Abu Dhabi, Dubai, Hong Kong and Singapore are among the concentrated centers for crypto and blockchain.
The top five countries with the most substantial rates of crypto adoption are #1 – Vietnam, #2 – Philippines, #3 – Ukraine, #4 India and #5 – United States. See: Crypto around the world. Continue reading