The last several years have brought major changes to the crypto industry, but also to the traditional financial industry. Due to the crypto bull run of 2017, the world learned of the crypto industry, its potential, risks, and crypto became a hot topic. However, unlike many other trends that tend to emerge just as suddenly, crypto never went away. Instead, it became bigger.
World’s most powerful nations are going crypto
The price surge in 2017 was followed by a crypto winter of 2018, when most coins saw massive price crashes. However, the industry definitely made an impression, causing major companies to develop an interest in digital coins.
The most notable of them was Facebook, which eventually announced the development of its own coin. This caused a major shift in the world, as entire countries, supposedly in fear of Facebook’s reach and potential ownership of future money, decided to make their own move and enter the crypto world.
China was, of course, the first one to announce national crypto, the so-called Central Bank Digital Currency (CBDC), popularly named ‘digital yuan.’
But, while it was the first, it was far from being the last to do so. In fear of China and Facebook alike, numerous other nations did the same. And, according to recent reports, even the US is making its own CBDC right now.
The role of ‘real’ cryptocurrencies
New reports claim that the US doesn’t plan to launch its coin and actually use it. However, many believe that this is only temporary, and that the digital dollar will see the light of day sooner, rather than later.
If it happens, this will lead to a
