Well, Eastern cultures don't shy away from hard work either. I'd say they work more and are more disciplined than in the West, plus they are paid less, which is why many companies moved production to China, for example. But with the rise of AIs and robots, this may be a leverage they may not have anymore, when many jobs will be automatized.
I need both to stay level headed and achieve clarity.
I agree and personally I do fall in the same category that appreciates and needs both to make good decisions and pursue plans on the medium and long term.
Right. They also work hard and tend to be more driven than the West in this regard. I think maybe their new advantage could come from being early in crypto and web3 in general, the adoption rate is higher around that part of the world than the West, on average.
I wouldn't say they adopted crypto the most. The US is not far behind on the 4th position, Nigeria is the 2nd in Africa, some countries in Latin America are doing well too. But overall, they do have a good penetration of crypto in Asia, and a high population, so that is to their advantage.
Oh yes, the high population definitely does helps. Sometimes, watching crypto conferences in Asia gives me the impression that Asia is a main hub for crypto adoption. But I could well be in a bubble lol, since I tend to consume less western and more eastern content recently.
I think also the openness to participating in it, could also be an overall advantage.
The openness is something I also appreciate in the societies where it exists for crypto (and not only). For some reason, Europe seems to keep falling behind. Maybe that "old" from "old continent" has something to do with it. Although, historically, Africa is the oldest... But they adopt crypto rather quickly. For them, it's important especially since many are unbanked, so crypto is a way to facilitate payments. Europe doesn't have that incentive.
Right. Compared to Africa, Europe already has relatively established financial systems that although archaic(compared to modern times) are still functional and used by the population. Still to this day, PayPal isn't supported in many African countries as a way to send payments internationally. There are fintech apps that are coming up as possible alternatives but I'll rather jump straight into crypto and dip my toes into it than try out those new alternative apps.
Yes, I read they are using various apps for payments instead of banks, at least in some African countries. But they are also more likely to adopt crypto, since these apps themselves are an alternative method of transacting, so from there to crypto is a smaller step than from the rigidity of a banking system.