Imagine innovation slows down for a moment.
Hard to see that happening. Money printing isnt going to slow down that means plenty of funding.
Too many government laws are making innovation hard in USA, EU etc.
Keep in mind that many of our technological innovations come from the military and that operates outside the laws that everyone else needs to adhere to.
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Money printing won't do that. But regulation will. We have idiots like this in governments: https://seekingalpha.com/news/3725111-sen-elizabeth-warren-crypto-markets-might-need-bailout-someday-without-proper-regulation
Cryptography/encryption is used by military. But most of crypto innovation has been happening in civilian business/startup space. Switzerland, Singapore etc. will have more innovation happening in their countries while USA, EU make themselves unattractive for investors/innovators.