What are the Influences of Capitalist Countries on the Crypto World?

[Suba]

A capitalist country is a country where the ownership of the means of production is controlled by the private sector, so that the government only acts as a regulator, while the private sector plays a full role in determining the direction of the economy, be it production, distribution, or even technological innovation. Some examples of Capitalist Countries such as Canada, Japan, Germany, Singapore, Taiwan, the United States, the United Kingdom, etc.

Capitalism creates a free market so that anyone can develop blockchain technology as much as possible, the government often acts only as a supervisor, not an obstacle, thus creating high interest among individuals and institutions to adopt crypto.

The capitalist system will encourage the creation of a global financial ecosystem, allowing fintech and blockchain companies to grow rapidly. So that the creation of Bitcoin and other crypto assets, the establishment of crypto wallets and global crypto exchanges, the creation of crypto innovations such as Bitcoin ETF, crypto adoption, stablecoins and tokenization.

 

[riberet19]

If you look at the countries that have the most crypto per citizen and government, you will realize that those at the top are the most capitalist; in most cases, capitalism has contributed greatly to the crypto ecosystem.