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In recent years, debt has become a key global strategy to address economic crises, from the Great Recession to COVID-19. However, rapidly rising interest rates across the world threaten to bankrupt indebted countries. In order to avoid the growing risks of debt, governments must take action now.
For the last several years, the market for cryptocurrencies maintained a polarizing yet prominent presence in the eyes of governments, businesses and the public. Following its enormous crash in May of 2022, however, the crypto market has largely vanished from the public eye. Despite the recent trend in market valuation and public sentiment, cryptocurrencies — though flawed in their current state — provide undeniable benefits, such as greater financial inclusion and enhanced security. Government regulation and broader public acceptance will allow cryptocurrencies to cement their rightful place in our economy’s future.
