Crypto is the beginning of an alternative monetary system. The next stage in the evolution of money.
A system where (crypto) currencies are actually forced to compete for market share. What a concept!
Government-backed currencies have operated as monopolies for far too long. There's no innovation. Fiat money is simply a blunt tool for controlling people.
Crypto gives me hope that we can build a better system... and eventually end the central banking system.
I'm not alone in that hope. Millions of people are now betting on crypto to change the world.
I believe this is what's really fueling crypto's rise. The widespread desire for a system that is fundamentally different and better.
Sure, speculation and profit-seeking play a role. But people don't just invest in crypto... They join it, like it's a movement.
So the next time you hear somebody mention tulips, bubbles and crypto in the same sentence, consider giving them a different perspective.
I don't think crypto is a threat to paper money simply because paper money is backed and supported by the government and the government can control it's supply and circulation. I don't think that the government will allow something decentralized such as crypto to replace money.
Crypto are not as popular as paper money which limits there acceptance to a few people only. Crypto still has to travel a long road if it wants to become as popular as fiat money.