Kenneth Rogoff believes that the influence of the American dollar is gradually falling, he is losing ground for Yuan and Euro.
“But there is also cryptocurrency, because one of the main dollar markets is a world underground economy. Cryptocurrency has value. It is used for transactions. There is a majority of the economy, which, even with rigid regulation of the government, will be difficult to control. So she is not useless. Much has been put on the card. ”
According to the economist, now most of the shadow economy makes up the tax evasion market, and trade for prohibited substances is not a significant share.
Cryptocurrencies will continue to capture the tax evasion market, as they enable customers to bypass standard financial systems and be outside the supervisory authority field, the economist concluded.
Earlier, experts of the Psalion brokerage platform reported that the popularity of cryptocurrencies among people around the world will increase from the current 7.41% to 11.02% by the end of the year.
Source: Bits
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