Bitcoin and other soaring cryptocurrencies dominate the headlines. But this episode of What’s Ahead reveals that a far bigger story is brewing, which will rock the worlds of politics, economics and finance: the attempt by governments and central banks to crush digital currencies with taxes and regulations so that they don’t become alternatives to government money, such as the dollar and the euro.
Politicians and central bankers will fiercely fight to preserve their currency monopolies.
Currently, serious obstacles stand in the way of cryptocurrencies becoming everyday money. But these will be overcome, and the battle will be joined. Ultimately, the monetary monopolists will be defeated.
For better or worse, a new economic era is coming.