Cryptocurrency is a very new thing to all of us and we don’t even know how it works. Of course, there are some people who do, but it is not like any other currency that we have around the world. Bitcoin and all the other cryptocurrencies are very unique in various ways and because they are so unique people are afraid of them. They think it will ruin the world and nothing will be the same as now. Well, that is partly true, nothing will be the same as now, but it is not true that it will ruin the world. We believe that it can make changes that are actually beneficial for the society because the government cannot control these currencies.
If we have learned one thing from the past it is that government is always creating problems especially financial ones. With a new way of paying for things such as crypto, they won’t be able to control it and that’s why they don’t like it. The government don’t want to hear about the other benefits that crypto has to offer such as faster and safer transactions, if they cannot interfere, they are not having it.
Improved Monetary Policy?
One of the most common questions that we get is about monetary policy when it comes to crypto because people want to know what will change and can it change. Well, in case cryptocurrencies become a huge deal in the future, of course, that monetary policy will have to change, how it will change that we don’t know, and we don’t even want to make any assumptions. That is a thing for the future, that we think you don’t have to stress about right now. Cryptocurrencies are not on a high level enough to make these changes, it will take a few years before these changes need to be applied.
Will the monetary policy be improved after this changes, probably yes. As mentioned we don’t know any of this for sure, but we can only assume it will be improved. After all, they have to make these changes and when they are making them they will want to create the ultimate changes that are far more improved. The monetary policy has a big influence on the financial state of people and if it gets improved with cryptocurrency, then we definitely want that to happen as soon as possible.