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Personal politics, character and age also play a role, and there are signals that political opinions among some on the left are changing. This shift is underway in Washington, where many younger progressives are embracing crypto’s startup scene. Those Democrats are now pushing back against regulations that could stifle the industry more about that on https://bunny.financial/the-way-senate-melted-over-crypto-a-throwback/.

The problem is that it is shaped by a small group of countries in the Global North with very predictable interests, and you are at the losing end of that. It would become extremely significant because it meant that these countries were very, very vulnerable to movements in the exchange rates. So, the currencies were no longer tied to one another but were freely floating, which is again something that very few people would have foreseen.