Why I am investing in privacy-centric cryptocurrencies?
Cryptocurrencies and blockchain technologies are now at a point where they are no longer an obscure technology known only by a few people. This whole space is starting to gain the attention of the masses. While this attention will bring in more and more money as people want to be part of the scene. It will also make world governments stand up and take note of this whole space.
Some countries will want to be at the forefront of this technology, while others will strive to regulate the scene in an attempt to control its citizens use of the technology. It is this regulation and control, that I see as the catalyst to fuel the growth of the privacy-centric crypto currencies.
Don't get me wrong I truly believe that Bitcoin and the like have a long way to go and there will always be a marketplace for them. I also firmly believe the smart contract systems such as Ethereum and Expanse will continue to grow as more and more people use the system. However, I think it is privacy centric coins that will see the biggest growth as more and more people shift their funds from less private coins into them.
I think the majority of countries will try to regulate crypto currencies. The governments have little say.l, though. It's the central banks we should be paying attention to. They are the ones that will force governments to crack down on crypto currencies, because they pose a danger to their monopoly money.
Very true besold. If the banks are affected then the governments may need to bail them out further putting pressure on the governments to help them maintain their monopoly.
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