Regulators in several countries around the world can begin to use the flagship cryptocurrency.
Adamant Capital represented by research unit preparedthe report “The Bitcoin Reformation”, which gives the prospect of bitcoin development, when the central banks of several states can recognize great opportunities for providing financial services to the population for this cryptocurrency. The fact is that representatives of that generation - millennials - who in ten years will become the basis of the global middle class, are skeptical of organizations in the traditional financial market.
They are very concerned about the topic of secure storage.personal data so that in the end they become objects of intrusive advertising. In this sense, the blockchain as a tool that allows you to clearly define the circle of users of this or that information, as well as clearly record who requests what information, embodies the dreams of this generation.
Moreover, the big question is thoseinstitutions that in their activities have become analogues, for example, of exchanges, only for transactions with cryptocurrencies, that is, cryptocurrency exchanges. Adamant Capital experts believe that a drop in confidence and interest in banks will eventually become a trend towards crypto exchanges, and the concept of “No keys, no bitcoins” will lead to the development of a decentralized trade in digital assets.
At the same time, decentralized cryptocurrencies, possessingthe powerful potential to completely “absorb” the services of the traditional financial world will ultimately be appreciated and appreciated by a number of central banks of the countries of the world who decide to start using it, including for organizing decentralized banking, which may eventually crowd out existing credit organizations.
In many ways, this can repeat the situation after 1650.the year when the local bank Amsterdam Wisselbank (AWB) began to issue its own financial instruments in one of the largest financial centers in the world at that time in the Netherlands. These were the notes of VOC, which were very successful as a means of saving, even despite the high commissions for the purchase. At the same time, VOC was considered by many as an even more interesting financial instrument than the money circulating at that time. Thus, modern bitcoin is in many respects the 17th century VOC.</p>