Since the turn of the decade, the digital shift in the financial world has become even more pronounced. The last few years have seen the growth of cryptos skyrocket and the number of users grows. In 2021 alone, the crypto market was reported to have grown at a compound rate of 6.9%. In line with these statistics, the growth of the crypto space has only expanded over the last few years. In reports made earlier this year, the crypto space holds a valuation of about $2 trillion. This figure is up from the $828 billion valuations the crypto space held in 2018. This trend is set to continue as cryptos become even more mainstream than before. As cryptos become even more mainstream, several issues and opportunities become emergent. Due to the decentralized nature of cryptos, many issues remain unresolved. There remain many gaps with regard to policy and regulation as governments try to develop a direction for the cryptos. Thus, with regard to developing a pro-crypto stance, politicians can gain a lot of support and win elections. How Cryptocurrencies and Politics are Related The term politics typically refers to a set of activities that deal with the decision-making process of a given jurisdiction. These activities mainly revolve around making decisions that determine resource use, status allocation, and the relations between individuals. These decisions affect many lives of people living in the given region of governance which may b...
