Paid for something in cryptocurrency recently? The worth of a single bitcoin reached a excessive of $50,000 for the first time in mid-February 2021. Mastercard has introduced it’s bringing cryptocurrency onto its network. Tesla bought $1.5 billion of it earlier this 12 months and is already seeing a return, in line with some analysts. In the meantime, on-line buyers have been pushing a foreign money referred to as Dogecoin in a push to boost its worth quick à la r/wallstreetbets.
Crypto, lengthy seen because the haven for digital evangelists and web discussion board dwellers, now has conventional monetary gatekeepers eager about the way forward for foreign money.
For instance, China is shifting to digitize the yuan, with an purpose towards globalizing it sooner or later.
Does bitcoin’s rise mirror a decline of the U.S. greenback’s international affect? Does bringing cryptocurrency to the mainstream battle with its founding philosophy?