What is Crypto? Cryptocurrency explained
What is Crypto? Cryptocurrency explained originally appeared on TheStreet.
Your paycheck already buys less than it did three years ago because the recent years inflation spike quietly eroded the real value of savings. Yet 1.4 billion adults still have no bank account at all, locking them out of the traditional system. Those who do send money abroad lose an average 6.62% in fees every time.
Central banks feel the pressure, too, 86% are now exploring their own digital currencies. Wall Street just moved in as well. After the SEC green-lit spot-Bitcoin ETFs on Jan 10. 2024, investors have funnelled more than $49 billion into them.
In short, crypto is no longer a niche experiment, it’s leading the conversation on inflation…
