The Future of Cryptocurrency

The global economy has been undergoing a period of transformational change. If global value chains fragment along geopolitical lines, the increase in the global level of consumer prices could range between around 5% in the short run and roughly 1% in the long run. This is kind of the opposite of what we expected from the globalist central banks. We are witnessing a fragmentation of the global economy into competing blocks with each block trying to pull as much of the rest of the world closer to its respective strategic interest and shared values. So if they're faced with persistent supply shocks, independent central banks can and will go ahead with ensuring price stability but this can be achieved at a lower cost if other policies are cooperative

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