This report is an examination of how populism may affect cryptonetworks.
Populism is a phenomenon that noticeably comes along about once in a lifetime, and, as such, is not very well understood or recognized. The last time populism flared up as a major global force was during the mid-1930’s, which spelled disaster for the global economy. Keeping this in mind, populism has been gaining steadily over the past few years and is on track to emerge as a major force yet again.To help illustrate this point, we present an index of the share of votes received by populist/anti-establishment parties or candidates in national elections, for all the major developed countries, spanning from the early 1900s to now.As one can observe from our chart, populism levels today are rather synonymous with populism levels during the mid-1930s. Given this observation, we believe that (...)