The Future of Cryptocurrencies — and Democracy

“When something is rigged against us, we eventually rebel,” Charles Hugh Smith told us back in August. We’ve long believed that re-establishing money’s tie to gold and silver would be the most peaceful way to end the corruption — forcing our democratically elected leaders to spend within their means. In 2021, we also spent a lot of time pondering whether wide adoption of Bitcoin or some other cryptocurrency could have a similar effect. The U.S. government won’t give up the dollar’s dominance without a fight, though. My prediction for the year is that we’ll see a lot more regulation of cryptos — the last grasp of a discredited state.