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Could CRYPTO Kill America?

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Could Crypto kill America?
I'd like to discuss this theory about the future of the world. It sounds quite dramatic, but let me elaborate on my views on this.

The US has traditionally been the best place in the world when it comes to tech companies. After all, there is just one Silicone valley in the world.
Many tech companies will go to America because of the access to capital. By far, the deepest venture capital pools are here. The highest evaluation and the biggest acquisitions will come from the US.
If you're in the tech industry no other place in the world is even remotely comparable when it comes to capital and access to capital.
Because of all that, many deals got funded and it created many job opportunities. This created a nice combination of talent and capital.
The Tech industry in the US attracted all the right people, for all the right reasons.

What happened since then? Well, financial regulations got much tougher. There's no other industry where this is more apparent than the crypto industry.
Crypto created new opportunities in the world, and when it comes to the creation of huge amounts of capital crypto is the new tech. But Americans are left out of all this for the most part.

The US makes it really hard for Americans to participate in anything that has to do with Crypto.
Starting from exchanges, such as Binance US, that already doesn't give you enough functionality if you're an American. Americans are also kept away from ICOs and IDOs.

All of this is creating incentives for new potentially big crypto projects to stay out of the US. They will set up an office and team in countries such as Ukraine, Cyprus, UAE, etc. Who's loosing in this equation?
The wave that happened with tech companies is now happening with crypto. It's just that this time
America will get no benefits from it.

California is only alive today because of Silicon Valley. This is the engine that has powered California for a very long time. But now incentives are not to go there anymore.
In the long run, this is extremely bad for America.

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8 июня 2021 г. 16:30:03
00:13:57
Яндекс.Метрика