Money + markets: Blockchain isn't just a new technology, it is a political disrupter that takes away the state's monopoly on money. try as they might, governments won't be able to legislate it away

ONE THING about technology in the modern world is that you can't uninvent it. Cryptocurrency is a genie out of the bottle and it is about to enter a new phase of expansion. While the price has been flying up and, as I write, down, this has been because of geopolitics: Iran and the US/China trade war. Where gold would have gone through the roof in the old days, the new go-to asset for the fearful is bitcoin. Gold did manage a good rally, but the technology of the blockchain is fast augmenting the ‘barbarous’ metal as ‘get out of dodge’ money. In a world full of societies like Venezuela and Iran, situations like Hong Kong's protests, and rolling trade trolling, the current highly regulated and penned-in financial system is desperate for liquid channels like cryptocurrency.