There was a time when the monetary system was ruled only by centralised banks and the world was being held by this entities in ever way, they managed to do what they wanted and control every step they customers do with their own funds. But that reality changed since Satoshi Nakamoto brought to work the first ever decentralized asset which gave people the ability to choose between centralised environment entities or hold their funds in crypto wallets and assuming being "own Banks".
Of course the world still controlled majority by the government entities, which have huge influence in the monetary system but there's a big difference from people from today which prefer to maintain their own "freedom" and keep they funds by they own.
During years the world was ignoring the cryptocurrency world, most the time considering that the value of it come from "air" (one of the biggest mentions by Donald Trump in his Twitter account back in 2019) which is proving gradually that isn't that "air" but a conscious market with biggest investments and circulation of wealth daily worth billions of dollars.
The world is a place for innovation and Blockchain brought a deep concurrence to centralised and government entities, the same customer who Hodl their Fiat account with this institution also have their wealth management by cryptocurrency and can control when and where they can invest without have to explain much. The bureaucracy is big in centralised institutions which make many people to become more aware of them and prefer to have some of their assets managed by their own way and keep this funds also safe of the wallet (cryptographic ones).
The world need cryptocurrency despite an initial approach by Nakamoto who at the time preview that the whole monetary policy will fall and countries will continue to inflate the market with more money, causing unsustainable debt and deteriorating the level and quality of live taking people to become more poorer than actually are paying huge taxes to sustain the government crisis, even the biggest countries are in debt because each time they print new money they have to pay for that service taking people to lookout for better ways to store value and find in crypto that way.
The Banks few years back were against the cryptocurrency, I can say that for sure because I had a bad experience in my first years in crypto when I wanted to purchase some coins online where my bank provider just blocked me to buy them considering that purchase "dangerous and illegal business" which I prompt go to one local branch to know why my bank instrument have such restriction and the officer in charge to handle that just told me that"buying crypto in my Zone was forbidden" but fun is that 2 years after this first incident now I can buy cryptocurrency with the same card. So what have changed since then?!
Well the banks saw the number of clients asking the same to them, they want to invest in that field and if they continue stubborn they could start seeing many of their actual young customers cashing out their funds to purchase cryptocurrencies, so they prefer to maintain them and charge for movements the ones do and that isn't all! The same banks now also accept to handle cryptocurrency in behalf of their customers (not in every jurisdiction) and with that benefit from the decentralized market assets.
If they don't do that I believe they will lose space in time to come, in 2020 we saw the biggest move in decentralized finances with more than $7 Billions in total value locked (TVL) in smart contract protocols, which is one more proof that the world of finances is increasing their weight and centralised institutions must start to see this very seriously.
Who not prefer to handle their own finances alone whare can control and manage when and how can exchange it with Fiat or make investments without bureaucracy?! I believe many people prefer cryptocurrency as long they have knowledge about.
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