Hi hivers, Faiz is here, and if you are looking for the information regarding the future of money and crypto, then you have landed in the right place. Money is available in both formats: Paper and digital. Now the question is what will happen in the future with the money and digital currency? Crypto Will dominate Fiat or will have the same value? So we are going to discuss about this particular thing in detail, so stay tuned till the end.
Bitcoin, Ethereum, Hive, and Leo are cryptocurrencies, and without a middleman or government interference, these decentralised cryptocurrencies can transfer value from one to another. This is a transparent and decentralised Alternative to Fiat Currency, which is centralised by the government and banks. We are seeing a lot of issues with the money, such as banking restrictions, other financial problems, inflation, tariff war, and yes, geopolitical tensions. And this thing's causing big Chaos in the Fiat ecosystem.
Cryptocurrency is on the other hand different. You just need any type of smartphone and an Internet connection. That's it, and once you have these two things, you can participate in the global economy of Crypto, and you are bypassing all the middlemen here. You are connecting directly with Other users when you buy or sell, or transfer.
Many regions get great benefit and support from it because their economy is not stable, there are a lot of financial issues, and crypto is like Game game-changer and miracle for them.
When you hear things like that, then we understand that Crypto is very important, but at the same time, there are hurdles like Environmental concerns, scalability issues, and regulatory uncertainty from the government. So these are the problems, on the other hand there is one more problem that is volatility In the Cryptocurrency market Good to see that some governments want to regulate the cryptocurrency without harming Innovation of the cryptocurrency because there is a technology behind it that is blockchain and that is why crypto and blockchain are very important and some governments are understanding this particular thing.
Crypto is uncontrollable for the government, which is why some governments are not taking an interest and try to ban or impose high taxes, but as you can see, it is not possible to stop. So there is only one way, which is Regulation without harming innovation. Cross-border payments, micro transactions facilities that are provided by crypto, but when it comes to fiat, your money is not yours but of the governments. It is under government control.
The future of digital currency depends not only on the technology, but the regulation and adoption. Public adoption is going on, and day by day, we are seeing the adoption of Crypto. So if you are asking if crypto will dominate over fiat, then I cannot answer this now because it depends on the Regulation. How the world's governments will regulate Cryptocurrency depends on it, but you have to understand that crypto is a revolution for sure. Now Faiz is signing off.
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I think states will always find a way to stop crypto, here tax is 30% of what you withdraw, and that's a lot they can just rise it again to kill crypto + it's all kyc in exchanges, that's bad
For me, cryptocurrencies already dominate a large part of the world market and in the coming years, people who want to always have their money in hand will increase their dominance when more potential users know about them.