I remember in 2014 when the bitcoin was baby. That time it was harder to get people to do the digital transaction. And credit cards were so dominant. And it made the world limited to cash as a strong means.
As the crypto got popular the new generation started going digital. And the crypto is the reason why the digital money is being adopted. And old generation was heavy on cash but this generation is going to adopt the digital.
It may not be crypto, it could be CDBC as well. But digital is getting more attention by the new generation now.
Cash is avoiding taxes, Digital is traced!
Most of the mafia prefer the cash transfer and they also hold more cash in the fake notes. And so the digital is in more demand. More of the economy is damaged by the cash. And so the digital is interesting on the growth.
As you can see that digital can be traced on the SWIFT, IBAN and also on the blockchain. This means the cash is going to be more dominant. And we have to think of the digital as a means for the growth.
Another thing is that digital is not easy. It is getting traced and people would be paying the taxes as the govt now has the proof. So that's alright and we can move ahead with the taxes. But overall I'd say that holding up digital is kind of two way sword.
Cash is on it's last leg!
Old generation before 80s is slowly ageing and they are being forced to use the digital. You may notice that cash is not yet king. And we have no means to find the right options for the new generation. As the crypto is always changing.
Another thing is that cash is not going to stand for long. We have to think of means for the cash to be reduced and kept on emergency purpose only. Because we don't know how much power does the digital holds and what we can do about the same.
I realized that digital getting more power means the cash would slow down. But often that does not happen. Some of the time we have to think of the crypto adoption filling in the gap of the market and think of the circulation in the expected places more.
Domination would happen in near future!
Future is here. Now that exchanges are being forced to shut down and the CDBC would be getting more security value. We are going to be seeing some strong domination of the market by the digital assets.
Hive is going to dominate small portion too. We have to get hive to be among the more people for that to happen. In due time that too will happen but we just have to let that happen in an organic.
What do you think?
