Is Crypto Still in it's Infancy? The Crypto Vs Fiat Money Dichotomy - The Entire World is Waiting For a Crypto Revolution

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It amazes me that in this 21st century, most world billionaires don't know and accept the stands of digital currencies (crypto). Most of them believe in fiat money and traditional stock exchange, than the fast growing cryptoglobal.

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According to Warren Buffett:

“Whether it goes up or down in the next year or five years or 10 years, I don’t know,” Buffett said at his annual Berkshire Hathaway shareholders meeting on April 30, as reported by CNBC. “But one thing I’m sure of is that it doesn’t multiply, it doesn’t produce anything.”Source

Warren Buffett's stand on crypto productivity and growth has been on the negative and he believes that crypto does multiply or have any productivity.

The above statement by Warren Buffett we all know isn't true about crypto, because most young billionaires across the world have been made by their investments and activities around crypto.

Just look at the impacts Hive blockchain is creating on members, and currently, we're seeing real world impacts of the Hive blockchain. Just a week ago, we saw the Hive water project in Ghana by @collinz and how it's becoming a usual occurrence in the West African country through the help of Hive rewards.

Irrespective of the market price of cryptos and the physical impacts made by the cryptoverse, most governments around the world are still fighting and doubting the potencies of cryptocurrencies.

Everyone knows that it'll take more than two or three decades for Bitcoin to fall to $100. This is an impossible situation because of the global crypto force that's rising on a daily basis.

Why is Governments Fighting Crypto
I think, the major reason for this is because, government doesn't have control over cryptocurrencies, because of its decentralized nature.

Crypto decentralization and blockchain technology has crippled every centralized authority on cryptoverse.

Most government's around the world aren't accepting crypto as a legal tender because they can't assess owners accounts like they do to fiat money through their various Central Banks.

Although, the arrival of crypto is like a bad market to fiat money and the arrival of digital banking is the gradual elimination of traditional banking sector.

Is Crypto Still in it's Infancy
The bitter truth is Yes! This is actually one major challenge facing the cryptoglobal. The global financial economy isn't yet completely united, but once this this is achieved, crypto will move into maturity.

Government's are still fighting crypto because the awareness of crypto is still growing and a time will come like the French Revolution, when the cryptoglobal like the Third Estate will arise to fight against government's interference with crypto activities.

With over 9,000 cryptocurrencies in existence in the world, a little more awareness for the digital currencies will bring great revolution across the world and then, we'll see the end of government's interference on the activities of cryptocurrencies.

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