Write a maximum of two pages of paper in APA Format. write three, four, or five reasons arguing that the statement is accurate. (Or, write 3,4 or 5 reasons arguing that the statement is completely wrong.)
Statement4: Cryptocurrency offers a new level of efficiency in trade, but as a disruptive innovation, it is doomed. Cryptocurrency will fail to stay independent of the oligopoly it could otherwise disrupt. The existing big currency organizations have the strength and the will to crush and control it. [In other words, the US Federal Reserve {USD), the ECB (EUR), the Bank of England (GBP), the Bank of Japan (JPY), and the PBOC (CNY) simply have too much to lose, and they do have the power. [If you write on this topic, you must understand the concept of “disrupting innovation,” as expressed via Clayton Christensen’s theory associated with his book Innovator’s Dilemma.] Please make it clear in your response that you understand the unbundling that makes cryptocurrency a threat to these organizations. If you choose to also talk about other uses of blockchain technology, then please keep that part of your discussion relevant to the main question I have asked here.
