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The Future of Cryptocurrencies and Africa’s Missed Opportunity

By  Jeremeeh Kousse

By 2032, the world will be unrecognizable due to rapid advancements in Bitcoin, Ethereum, altcoins, Real-World Assets (RWA), AI, gaming-focused cryptocurrencies, the DeFi ecosystem, digital IDs, and tokenization. This transformative wave, driven by the likes of Vitalik Buterin, Elon Musk, Raoul Pal, and Michael Saylor, promises a decentralized redistribution of wealth and power.

Cryptocurrencies like Bitcoin and Ethereum have laid the foundation for a financial revolution. Bitcoin, often termed digital gold, offers a secure store of value. Ethereum, with its smart contract capabilities, enables a new era of decentralized applications. Altcoins and gaming-focused cryptocurrencies expand this ecosystem, catering to niche markets and use cases. DeFi, or decentralized finance, disrupts traditional financial systems by offering services like lending, borrowing, and trading without intermediaries. Digital IDs and tokenization of assets further enhance security and accessibility, integrating the physical and digital worlds.

The US and Europe, once lagging in cryptocurrency adoption, are now embracing it with vigor. Over 53 million Americans own cryptocurrency, making it a significant topic in political campaigns. This trend indicates that future political leaders will support, not oppose, cryptocurrency. No longer do countries ban or persecute their citizens for engaging in cryptocurrencies, recognizing the value and innovation they bring.

In stark contrast, many African countries persist in their self-destructive stance against cryptocurrencies. Africa, a continent with immense potential, is missing out on this paradigm shift in decentralized wealth redistribution. Why does Africa seem determined to keep her children poor? Why is Africa against itself?

African governments continue to impose restrictive regulations, hindering the adoption of cryptocurrencies. This not only stifles innovation but also deprives millions of Africans of the opportunity to participate in the global digital economy. Instead of seizing its destiny, Africa appears content to remain on the sidelines.

Mama Africa, wake up! The world is advancing rapidly, and by 2032, the global landscape will be shaped by those who embrace these new technologies. If Africa does not act now, it risks becoming unfit to belong in the world she did not want. It is crucial for African countries to recognize the potential of cryptocurrencies and decentralized systems to uplift their economies and improve the lives of their people. The time for change is now, before the opportunity slips away.

Jeremeeh Kousse is the CEO of Manoka and Kryptowaves.

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