How Russia and China Will Affect CryptoCurrency Market

The relevance of crypto currencies, particularly Bitcoin, has grown significantly over the last decade. The crypto-economy has enormous promise, but its largely decentralized form also offers risks. Cryptocurrency is a high-risk investment due to the lack of a regulatory authority to monitor and control operations related to such digital transactions. Crypto has a volatile nature since it is backed by only a few investors or market sentiment, foreshadowing the volatility and weakness it can induce into the economic system as a whole. Financial professionals consider cryptocurrencies as the most serious threat to the financial system and feel that quick action is required to maintain control of that system. Several central banks have developed a national digital currency in order to keep control over the system and minimize any shifts in it.
How Russia and China will impact the crypto market? Just watch the video...until end.

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⏱️VIDEO CHAPTERS⏱️
0:00 – Intro
1:36 – WILL CHINA REVERSE HER STAND?
4:04 – XI JINPING MAINTAINS HIS STANCE
5:49 – RUSSIA TO THE RESCUE?
8:32 – PUTIN'S BELIEF
9:32 – TWO COUNTRIES, TWO CRYPTO-CURRENCY DRIVERS
11:07 – Conclusion

There will be a clash in the future between regulation and anonymity. Governments may wish to regulate how cryptocurrencies work because several have been tied to terrorist activities. On the other hand, the primary goal of cryptocurrencies is to keep users anonymous. Will we have a future brimming with crypto-currency transactions? Only time will tell.

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