The paper proposes setting up of M5 as Money Supply with Crypto-Currency along the lines of inclusion of other currency products developed in the last 50 years in order to promote efficiency in the money markets, transactional efficiency and generating wealth along with positive contributions to GDP and people at large. The paper also considers that Money as a valuable Resource and a Wealth of the Nation, having potential to generate/mobilize more wealth. The paper proposes that given the emergence of digital modes of money transactions, there is an urgent need for creation of legitimate Crypto-Currencies by National Governments to induce confidence and laissez faire through transactional efficiency in money market. Government Intervention (or Central Banks) to generate the Crypto-Currency is the need of the hour and critical for tomorrow’s normal economic and business conditions in the economy when businesses and labor market source are global and looking for currency efficient sources. The paper critically evaluates various theories on Money and how/why M5 as a Money Supply indicator is needed for inducing Crypto-Currency in the basket of Currencies by Central Banks worldwide.The proposed Model of creating efficient Money Market through modeling of M5 will facilitate an automatic way for transactional efficiency, generating wealth for the Nations, Firms and people-at-large, through easy access to currency and opportunities for jobs and growth.It would also help save currency costs in a Market Driven Economic System with Asymmetric Information. The “New Avtar” of Money in the form of Crypto would witness the change the way money (currency) has looked traditionally for centuries in the form of gold, silver, leather, wood, metal, paper, plastic, stone (Furness, 1910) and many others to a faceless virtual fully fractional form, but only when launched by Nations (via their Central Banks).Given the emergence of Crypto-products in the informal sector with multiple players, it has become difficult for National Governments to regulate and calibrate the supply of money and its effects through Monetary Stabilization measures adopted by them, as these crypto-products allow billions/trillions of money be transacted globally without any checks and balances. More than the benefits, these products are emerging as threat to National Security; Individual’s Wealth and Nations apart from the ills any speculative product brings with it to meet the needs of Greed of a specific group of people and rouge identities. Hence, the need for governments to act fast and consider to induce this financial innovation (crypto-currencies) as a currency of tomorrow into its basket of currencies, as done with various other monetary products in the last 6 decades
