Article • Sep 29, 2020

Money, Trust, and the Significance of Cryptocurrency

Summary

The 2008 bank collapse highlighted the lack of trust in the traditional banking system and raised awareness of the significance of trust in the security of deposits.
The emergence of cryptocurrency has forced people globally to reconsider the concepts of money and its value.
The Office of the Comptroller of the Currency acknowledging that the U.S. dollar has no intrinsic value is viewed as heretical by regulators.
There is a need for education on cryptocurrency to ensure informed investment decisions and prevent potential harm.
Failure to take advantage of educational opportunities regarding cryptocurrency could lead to government intervention in the future.