The Rise of Cryptocurrencies and Digital Currency

Digital currencies are effectively hedge against inflation in the sense that traditional inflation is when the big government's printing money. So if people can actually control their money and not allow governments to defraud them by printing it, then there's a new dilemma for Western governments around the world. Governments are going to face sharp drops in revenue from taxation. If you're trying to opt out of the government system and all of a sudden they don't have control over that money, then the government, there's going to be less people paying tax.

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