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​​ According to the former chief economist of the European Ban | $Sun Rays | Investments

​​ According to the former chief economist of the European Bank for Reconstruction and Development, professor of economics at the Paris School of Political Science, Sergei Guriev, in the West, there is “no productive use for cryptocurrencies due to their inefficiency, volatility” and the consumption of large amounts of electricity for their production.

Guriev believes that over time, crypto assets will become less anonymous in Western countries, "because governments need money and they will not allow crypto enthusiasts to bypass taxes."

In undemocratic countries, an important feature of cryptocurrencies is helping to “bypass Big Brother,” the economist said:

“Anonymity of payments in non-democratic countries can support the transition of democracy. In that sense, we are perhaps globally in the West, and cryptocurrency is a weightless version of gold."

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