Yesterday, while surfing the social media that aggregate trends, Twitter, I ran into what was like a very exciting poll, the best I have seen this year.
The poll was created by International Monetary Fund (IMF) to monitor the two types of virtual currencies which are; the cryptocurrencies and the central bank digital currency.
The poll went thus;
1. Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2. Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
What is your opinion about these polls?
If we are to go by the definition of what money really is, then they are all money, since of the definitions of money is assets, properties and resources, and cryptocurrency is part of assets, so that makes it money, and whatever the central banks are going to release as their digital money , if we regard them as assets, they are still money.
So, all these things are money in the sense that they are all part of our wealth. But no country has really released a digital money yet, and those who claimed that they did never had it functioning. So, we don’t have any as of yet.