Cryptocurrency Will Save Countries from Financial Crises, Says Chicago Mayor
According to a report in Forbes, Chicago Mayor Rahm Emmanuel – formerly Chief of Staff for President Barack Obama – told one-time CCN writer Benjamin Pirus that the future for cryptocurrency is “affirmative.”
“The Trend Lines Are Affirmative”
Emmanuel spoke to the potential for cryptocurrency to play a serious role in debt markets as well as in third world countries, where currencies can be unreliable. Despite having a full grasp of how crypto works, Emmanuel feels positive that it will reshape the financial aspects of society. He said:
“The trend lines are affirmative for its future. I don’t know if that’s ten years, and I don’t know if that’s 20 years, but it’s affirmative. I don’t know what it is. I know it’s an alternative way to trade, and therefore, I gotta learn about it, and I gotta be honest, as mayor, it’s not the top 100 things I would have to learn about.”
Emmanuel also said that nation-states are falling apart, while “city-states are emerging.” For the mayor of one of the largest cities in the US to speak in this manner is revealing. Chicago and other major cities have their own wage laws. Some of them even have their own income taxes.
He added:
One day, somebody’s going to figure out – whether that’s Argentina, ten years from now, five years from now – how to use cryptocurrencies to stay alive when they’re facing a financial crisis, and then you’re going to find out that this moment has arrived.
Is Crypto For the Next Generation?
Personally, Emmanuel holds no cryptocurrency. He hinted that it’s really for the next generation, saying:
