Will Cryptocurrency rule the World Economy in near future? Lately, this has been a matter of discussion amongst a number of financial pundits and economists across the world. Of course, there’s no consensus on one particular notion. However, going by a few notable trends we can somehow manage to predict a few probable outcomes. One such outcome is going to be the adoption of cryptocurrency by small countries such as El Selvador and the Central African Republic. Why? The answer is not that tough; most of the third world countries, as the westerners like to call it, are controlled by so-called developed countries or the first world countries. These countries have an indirect control on the economies of poor countries such as El Selvador, Central African Republic, Ecuador, Bahamas and many others.
As a result, whenever a political or economical crisis takes place in the first world countries, these poor countries feel the heat immediately. So, in order to come out of the clutches of the developed countries, poor countries started adopting crypto currencies. This kind of gave them a sense of economic liberty. Although the consequences of adopting crypto currencies have been mixed, these poor countries are confident of breaking their economic slavery.
On the other hand, developed countries are worried that the adoption of crypto currencies might stop their hegemony and their restlessness can be witnessed by their haphazard decision of banning crypto currencies in their countries. This makes it more interesting as to how they would be able to stop the renaissance of the poor countries.
