What would be the near future?
Understanding the current and future global political/financial scenario seems to be impossible without technology disruptions inputs, at all levels.
While political agendas might follow structured models towards decentralization first (see Brexit, and other independent movements of Ireland, Scotland in UK or Catalonia in Spain) to end up in centralized automated complex frames that have to do with adopting a new Internet or virtual machine, that opens the possibilities to vertebrate legal, executive, financial, commerce, government, custody et. in an open-source centralized system that will take over current models, even democracy might be disrupted by this new paradigm.
Financial grounds are being moved by stock markets artificial growth. (The unstoppable bubble in the USA seeing in S&P500 and other stocks) that it does not show real productivity performance but shares value keeps on rising, despite clear signs for bigger corrective movements.
As a result of international financial turbulence and fiscal uncertainty make countries, central banks, corporations, individuals turn to precious metals, particularly Gold due to its tangibility and credibility.
Gold reserves in China, France, Russia, Japan, Switzerland Hungary et. have been growing in recent years as well as metal repatriation movements in other world-leading countries; Holland, Germany…
Gold reserves increase historically before and during the global economic crisis.
Another important point is the imminent Digital Yuan China’s “Belt and Road” initiative is expected to roll out a digital currency. On the other side, the United States news of rumors of a proposal for a digital Dollar followed by the positive approach given by Jerome Powell and the Federal Reserve towards digitalization of the currency.
The Blockchain pro-adoption ecosystem created by the EU; the European Commission has a holistic approach to blockchain technologies and DLT, which aims at positioning Europe at the forefront of blockchain innovation and uptake.
In fact surprisingly JP Morgan, well skeptical approach in the past is joining forces with the unofficial political hand of Ethereum; Consensys, that also is an active collaborator
The Fintech (Finance Technology) phenomena providing more power to the users over their funds and more recently DeFi (Decentralised Finances) appear as new propulsion for the Blockchain ecosystem, leading possibly a new bullish market into the Ethereum network as Web 3.0 opens new possibilities for automation.
This automation is being presented as the precursor of the machines economy well known as the Fourth Industrial Revolution leading by IOTA
Nevertheless before, Humanity reaches a society full of autonomous machines that interchange data, value and energy with total freedom, drones interconnecting with traffic lights, buildings, enforcement bodies and more to monitor the traffic, atmospheric measurements and security patterns, most probably, we, Globe Earth, we will have to go through enormous changes, from destruction and creation of new financial models or currencies to the disruption of some traditional jobs giving as a result social and financial crisis.
Sustainability challenges related to key human aspects; pensions with a growing segment of the population reaching retirement levels, consuming behaviors with limited resources driven by irresponsible corporations that only seek profitability jeopardizing a greener, cleaner and balanced world.
Finally, within times of currency changes, Industrial Revolution eclosion, decentralized movements, Artificial Intelligence et. It is good pointing that there will be great opportunities for entrepreneurs and individuals seeking financial freedom. Individuals willing to create their own pensions funds and self finances schemes.
Good Luck everybody for this new decade.
