The World is Running Out of Chips. What Does That Mean for Crypto?
Chips are an indispensable part of our lives in today's world. Recently, supply has struggled to keep up with demand. With our computers, phones, cars, fridges, and even toasters dependent on the heavily centralized chip manufacturing industry, it’s not hard to imagine production issues across industries will be coming. In cryptocurrency, miners, hardware wallets, and other producers are affected. This could down innovation for bitcoin and the crypto industry as a whole as producers won’t be able to meet the growing demand brought by all-time highs and ever-larger waves of bitcoinization. With the Covid-19 crisis undermining the stability of the notoriously rigid chip industry, this situation may not see a quick fix, but the future is not all that dark.
Please read more at transam.org
Follow & share @TransAmericanFriendship
