Crypto Is Mainstream and Banks Are Struggling

Crypto has been slowly taking over market cap over the years. Still just 20% of golds value and by double that of the silver markets crypto has increasingly become the go to platforms. This drastically changed just a year ago in which I don't feel banks and financial institutes were ready for. The explosion of DeFi set crypto on a new path to really being the go to when it came to loans, swaping and moving money quickly from one place to another.

Platforms such as CubDeFi have continued to evolve to offer it's growing userbase more options. It's quickly started to replace the traditional structure of loans, collateral and so forth that banks normally had full control over.

This has started to rock the system as we see loans falling to all time lows coming out of banks and a growing increase in loans coming out of crypto. It always reminds me of the days of P2P lending which is still a thing but heavily reduced. In fact the state I live in now wont allow you to lend out your money anymore in p2p lending. Yeah once again the government is trying to tell me what I can and can't do with the money I worked for. Instead the greedy banks get to have the nice dividend yields as I'm stuck with trash.

This is another reason I've gone full time crypto. I hardly touch the bank anymore besides revenue streams incoming from payouts from youtube and the likes. Besides that I simply don't use the bank. Instead I've started to heavily use crypto and only touch the bank if there is currently no other option.

P2P Lending Revolution

What we are seeing is a new shift like p2p but into crypto. While estimates put p2p lending at 558 billion by 2027 I honestly believe it will explode far beyond that in the next 1-3 years. I personally see DeFi moving to 1 trillion within a year and crypto in general to have close to the same market cap as gold in two years.

Sure people talk about use cases and what's the point of it and to that I say. Do people want it and find it attractive to hold and buy? YES well then guess what that's where the money flows and old FIAT money is dying. It's not really "sexy" to hold a bunch of greenbacks instead its more sexy to hold a bunch of bitcoin and other assets. Banks have been very slow to react to this and if I'm being honest they look to be starting to drown as covid hit and people lost jobs no one really returning and spending drastically cut by people it's slowed everything down. Everything but crypto that is and it's actually speeding up the pace in which adoption is happening.

FIAT Money Is A Dream

Ever since FIAT money was taken off the gold standard a number of things happened that would eventually spell doom for the green backs. You now had a never ending printing of a currency that simply wasn't backed by anything besides faith that it would hold it's value.

This also greatly manipulated the Gold and Silver markets while once I use to love to acquire the asset I really don't care to anymore after digging into it more. Take for example inflation is increasing yet gold and silver prices fall. That legit makes zero sense unless there are some back hands in it manipulating the markets which there are.

When do you see cryptos market cap matching or beating golds market cap?

What do you think will happen with gold and silver prices?

Posted Using LeoFinance ^Beta