Cryptocurrencies have paved the way to position themselves in the state economic / financial structures

in Project HOPE9 hours ago

Introduction

As I have mentioned in previous publications, the management of financial information, or rather knowing the objective financial information, is an elementary weapon before investing, if we contextualize this expression with the arrival of cryptocurrencies we will increase the chances of success in our operations.

In times of investment in digital assets, the mere fact of knowing the objective financial information, somehow set the tone of success in the financial world of cryptocurrencies, this if we consider that in the last decade the cryptocurrency market has grown outside any financial or state regulation.

Source: Foreignpolicy

However, beyond the objective information, it should also be taken into account that despite the sustained growth experienced by the cryptocurrency market in the last decade, there are still crypto-skeptics (people who distrust or do not believe in cryptocurrencies), one of the most visible is the famous Nobel economist Joseph Stiglitz, who once said that cryptocurrencies would disappear..

However, with all the negative and adverse scenarios that have led to the statements of famous crypto-skeptics, the only certainty is that the current debate on cryptocurrencies, specifically Bitcoin, is an example that something is happening in the financial world, and that we are inevitably facing a change of financial paradigm on a global scale, where states are beginning to look seriously at the adoption of cryptocurrencies in their economic/financial structures.

Despite all this convulsive scenario, there is objective information that supports that we have started a new economic / financial era where cryptocurrencies become an alternative to generate a deep economic and social transformation at the state level and if we do not look at the cases of El Salvador and Paraguay.

OBSERVATION:

The cover image was designed by the author: @lupafilotaxia, incorporating image: Source: Foreignpolicy

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