THE BLOCKCHAIN IMPACT ON STOCK MARKET
There are many wonderful things happening in the global economy right now, despite the story and reality of high inflation. The markets have drastically declined, the economy has completely reset, and because to the dollar's problems, the US is really suffering less than other regions of the world. I anticipate that inflation will decline quickly. Is it going to return to 2%, which is where the FED wants it to be? There will be a dispute about the appropriate degree of inflation, which will make it very difficult and a fundamental issue.
Because of the decline in demographics and birth rates, the globe is losing hope. We are about to enter a time of significant change. They are changing from an economy focused on the market to one that is more ideological, much like how China is changing. We are now witnessing the knock-on impacts of that, and the Chinese economy is now at a three. Due to Russian gas, the European economy has undergone significant upheaval. I think we'll weaken off to a world with inflation of maybe 3% or 4% after we get out of this predicament.
We shouldn't be shocked if the majority of these businesses fail in a few years because they aren't actual businesses. You can think back to the FTX circumstance, where it developed its own token. It wasn't a DeFi or a distributed ledger that was accessible to everyone. As you are aware, the entire premise of cryptocurrency is that it is intended to function as a distributed ledger. The tokenization of securities will be the future generation of securities, and this blockchain technology will be quite significant in that regard. A distributed ledger would be incredibly beneficial since everyone would know exactly who was buying and selling what.
Because they aren't real businesses, we shouldn't be surprised if the bulk of these ventures fail in a few years. You may recall the FTX situation, where it created its own token. It wasn't a DeFi or a publicly available distributed ledger. As you are aware, the fundamental idea behind cryptocurrencies is that they are designed to act as distributed ledgers. The next generation of securities will be those that are tokenized, and blockchain technology will play a big role in that. Since everyone would be aware of exactly who was buying and selling what, a distributed ledger would be tremendously advantageous.