How does mercantilism impact the value of cryptocurrencies?

1 answers

• Mar 18, 2022 · 3 years ago
  From BYDFi's perspective, mercantilism can have a mixed impact on the value of cryptocurrencies. On one hand, mercantilism can create barriers to entry for cryptocurrencies in certain markets, limiting their adoption and use. On the other hand, mercantilism can also drive up the demand for cryptocurrencies as a decentralized alternative to traditional fiat currencies. Ultimately, the impact of mercantilism on the value of cryptocurrencies will depend on the balance between protectionist policies and the recognition of the benefits of digital currencies in facilitating global trade and financial transactions.
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