The recent confluence of macroeconomic forces – a global pandemic and unprecedented experiments in monetary policy combined with the rise of stablecoins and central bank digital currencies (“CBDCs”) – is a tipping point for broader acceptance of cryptocurrencies and other digital assets.
Global quarantining has compelled millions of people to move their financial lives online, and embrace commerce without cash, plastic or nonessential intermediaries. It will be fascinating to see whether this unplanned social experiment will open more minds (and crypto wallets) to the use of digital assets in the months and years ahead. But other forces are at play in the rise of digital assets. Read the complete article HERE.
