The Future of Cryptocurrency

The biggest benefactor of digital currency is governments because of the opportunity to have a greater control over society. Right now we're seeing CBDCs hit the stage, and I expect in almost all fundamentally flawed attempts, it will gain momentum and then collapse. When you introduce the type of social credit systems that China is proposing that are being increasingly incorporated into the technology and tools that the US is proposing for its CBDC, we're actually creating a society that becomes almost a Plato's cave where people spend more time trying to figure out what they want to accomplish with their money.