, new cryptocurrencies continue to enter the world's agenda. According to the data of CoinMarketCap, there are 9735 cryptocurrencies, especially Bitcoin, Ethereum and USDT, and this number is increasing every hour
Interest in decentralized cryptocurrencies is growing. However, the fact that these highly speculative assets gain and lose value in a short time also raises concerns.
While cryptocurrencies are seen as the “future financial system” with high earnings for some, they see it as “gambling” for others.
While financial institutions and investment experts think that cryptocurrencies, a product of blockchain technology, will change the current concept of money, some voice their concerns that it is a bubble that is ready to burst at any moment.
Despite the chaos in the cryptocurrency markets with sinking crypto exchanges and regulations, a study by the world's leading independent audit firm and consulting firm reveals that financial industry executives are afraid of falling behind in getting the lion's share of cryptocurrency technology.
According to the results of the research conducted with about a thousand bank and financial institution managers in the USA, Europe and Far East regions of the respondents think that cryptocurrencies will play an important role in the next two years. believe that blockchain adoption is vital if institutions want to be competitive in the future, while argue that cryptocurrencies will replace fiat money in the next 5-10 years and physical money will come to an end. Deloitte 2021 Global Blockchain Survey
Linda Pawczuk, Deloitte blockchain and digital asset leader
In the last year, we’ve seen a significant shift in how the global financial ecosystem is thinking about new business models fueled by digital assets, and how this is playing a meaningful role in financial infrastructure
My Last Words; Regardless, I think it's almost impossible to imagine a future without cryptocurrencies. Raise awareness by informing yourself and those around you about blockchain and cryptocurrencies. Those who do not use blockchain and cryptocurrency space mechanics will lose. Increase your experience in the upcoming bull run, make investments without haste...
Tomorrow Might Be Too Late...
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