Tag Archives: Cryptocurrency

National Intelligence Council Report: Positive Outlook On Cryptocurrency

The National Intelligence Council releases a global trends report every four years following the U.S. presidential election. This post-election report, Global Trends: Paradox of Progress, reflects a positive outlook on cryptocurrency.

Of many concerns the report discusses, ranging from terrorism to ‘gray-zone’ warfare, cryptocurrencies are not one of them. Instead, it acknowledges that “New financial technologies— including digital currencies, applications of “blockchain” technology for transactions, and AI and big data for predictive analytics—will reshape financial services“. ( Global Trends: Paradox of Progress, pg. 15 )

The technological forecast and geopolitical conditions implied by global trends indicate that it’s a good time to invest in cryptocurrency and perhaps gold.

Cons

Global trends indicate rising tensions within and between countries, weak economic growth, shrinking workforces, increased competition for good jobs globally, potential reductions of open trade, the increase of terrorism and disruptive groups, an increase of gray-zone warfare, clean drinking water shortages, etc.

Pros

Individuals will be more empowered with new technologies, the world will be even more interconnected and have greater access to information, governments will be forced to be more transparent, biological enhancements will improve and prolong human life and challenge what it means to be human, reduction of monopolized and centralized institutions will free individuals, groups and individuals will be able to bypass traditional systems to create changes faster, many governments, including the U.S., will become more decentralized, and economies will become more diversified.