Deglobalization is happening. Whether or not you believe it.

Since the beginning of 2000, manufacturing power has awakened in Asia, and economists believed that globalization would benefit the whole world. 

I am not sure if that is totally accurate, but some countries did better than others. 

For example, China has been successfully becoming the world's second most significant economic zone. 

Not until COVID-19 hit and the war between Russia and Ukraine, did the deglobalization accelerate. 

However, deglobalization will make currency fluctuate more than ever. 

Due to geopolitical concerns, some countries' currencies would not be tradable globally, making cryptocurrencies more attractive than ever.

Blockchain and crypto may become an alternative to help citizens whose countries with weaker currency to preserve the value of their assets. 

Despite political differences, citizens are innocent of political conflicts, and they have options to use cryptocurrencies to buy necessities.

Of course, there will be political disputes such as financial sanction avoidance resulting from the banning of blockchain technology such as tornado cash, and the technology will improve through different ways to achieve the same alternative.

Deglobalization will also result in many countries becoming more isolated than ever. Cryptocurrencies can help citizens to avoid the drag of the nation.

Deglobalization may be a part of political conflict, but you can become apolitical and help yourself.

Support writer here or join Medium here

Photo by Andrew Shelley on Unsplash

Deglobalization is happening. Whether or not you believe it.

Since the beginning of 2000, manufacturing power has awakened in Asia, and economists believed that globalization would benefit the whole world. 

I am not sure if that is totally accurate, but some countries did better than others. 

For example, China has been successfully becoming the world's second most significant economic zone. 

Not until COVID-19 hit and the war between Russia and Ukraine, did the deglobalization accelerate. 

However, deglobalization will make currency fluctuate more than ever. 

Due to geopolitical concerns, some countries' currencies would not be tradable globally, making cryptocurrencies more attractive than ever.

Blockchain and crypto may become an alternative to help citizens whose countries with weaker currency to preserve the value of their assets. 

Despite political differences, citizens are innocent of political conflicts, and they have options to use cryptocurrencies to buy necessities.

Of course, there will be political disputes such as financial sanction avoidance resulting from the banning of blockchain technology such as tornado cash, and the technology will improve through different ways to achieve the same alternative.

Deglobalization will also result in many countries becoming more isolated than ever. Cryptocurrencies can help citizens to avoid the drag of the nation.

Deglobalization may be a part of political conflict, but you can become apolitical and help yourself.

Support writer here or join Medium here

Photo by Andrew Shelley on Unsplash