As much as we all despise China right now they clearly are showing us what the future will look like. However they of course want FULL control over it just like anything. That needing of control however is starting to bite them in the butt but that's an article for another day.

Today I want to go over the vision and how crypto will look a few years from now.

Crypto In A Few Years

China is all in on cryptocurrency! However they want full control as any communist country would. This is why we have seen them "ban" bitcoin from being minded and no longer traded between banks. This is because they want full control of their digital currency and for it to only be used within their country and not tied to anything else.

What does that mean?

You can pretty much inflate, deflate, inject or do whatever you want in terms of control your money if it's not connected to any outside means. This is exactly what China is doing full control and manipulation of their own digital currency that can be printed and reduced at will.

At least with physical money you had a little control as to holding on to it and having the price to print the new money however with digital all of that goes out the window.

Chinas Crypto Currency is a CLOSED Permission system NOT Permissionless

What we will see is more countries coming out with their own cryptocurrencies primarily communist countries at first followed up with other countries who will be cross boarder and world powers.

China Bans Means More Crypto For You

China banning bitcoin is actually a great thing. It localizes them which might be good in the short term but extremely damaging for the economy in the long term.

It now means money from around the world can be generated by every person from their computers except for China. It also means less countries are going to want to trade and deal with China. In fact trading with china has been falling in the last two years and expected for further fall as they continue to strike out against other countries with threats. I mean it's really a great way to shoot yourself in the foot and quickly make yourself not a world power any longer.

A Crypto World

Make no mistake about it that EVERYTHING will become crypto and digital in terms of money. Remember movies such as The Fifth Element where you earned credits on your account. The future of economy will be done in such a way however it wont be decentralized.

A digital currency means easier to track, print, store etc. It's highly more efficient and allows for tracking along with many more advantages over paper currency.

Honestly for the most part we are digital when it comes to using credit cards and transferring money to banks. A digital currency just makes logical sense for the next step.

Posted Using LeoFinance ^Beta