What the history of money tells you about crypto’s future

T his month China’s central bank revealed that its digital currency, the e-CNY, had been used for 7trn-yuan-worth of transactions in its short life—an amount equivalent to almost $1trn. China is not alone. Over 130 countries are exploring digital currencies, according to the Atlantic Council, a think-tank. Proponents of official digital currencies believe that a combination of ubiquitous smartphones, innovative cryptography and vast computing power means it is possible to remake the financial system.

Why has development ground to a halt?

That will worry many in Silicon Valley

The bold move carries economic and political risks

Jerome Powell could still surprise on the hawkish side

Even though they are not very good at it

The country’s economy is thriving yet the krone is becoming less and less valuable. What’s going on?

https://www.economist.com/finance-and-economics/2024/09/19/what-the-history-of-money-tells-you-about-cryptos-future

A source: www.economist.com/finance-and-economics/2024/09/19/what-the-history-of-money-tells-you-about-cryptos-future