How Cryptocurrency is Helping Digitize the Financial World

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The Autonomous Research director of finch strategy, Lex Sokolin recently sat down to given interview about how important cryptocurrency is in the modern world. The currency is helping to shape and reshape our current financial system and is doing so every day.


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Sokolin stated that the value in cryptocurrency comes from “supply and demand. if people believe it has value, it will keep having value and more and more of it. But they do have their own use cases. Right, so Bitcoin is a payments vector and you can do with it something you could never do with just a number and a bank account or a piece of cash. And you can do it without friction. So some folks think that it’s the money supply value and then there are other ideas like the work that goes into making bitcoin — into making it a tamper proof.” The researcher continued to state that the price of bitcoin goes up based on “whoever is willing to pay for it.”


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Sokolin continued to state that the future of money is in digitization, and money becoming an online resource as opposed to one in the physical world. He stated that the digitization is “happening to finance and it’s happening to equities, and to capital markets, and in robo advice, and neobanks and insuretech. And Bitcoin and the digitization of money is just one aspect of that. It’s sort of inevitable.”

The cryptocurrency world has already played a large part in changing world economics. Many of the top businessmen in the space have given their opinions, albeit some negative, but regardless, cryptocurrency has been able to shake the financial world to its core. The hopes are high that the currency can continue to do so as we finish out this year and enter the next.

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