Kinjal Shah, a Senior Associate at San Francisco-based
Blockchain Capital LLC, a VC and private equity firm that’s focused on the blockchain or distributed ledger technology (DLT) sector, notes that research shows that only around 34% of Americans still have a “fair amount of trust” in the US Federal Reserve.
Shah, a Quantitative Economics, Entrepreneurial Leadership Studies graduate from Tufts University, points out that the unemployment rate in the United States reached historic levels as the world’s largest economy has experienced serious challenges since March 2020, when awareness about the COVID-19 pandemic became more widespread.
Although the US economy is projected to grow next year, it will definitely be negatively affected due to the Coronavirus crisis. The Blockchain Capital team notes that COVID has disrupted the longest expansion of the US economy which had been growing steadily for the past 11 years and had been adding new jobs for 113 straight months.