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Financial paradigm shift and cryptoskeptics

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@lupafilotaxia
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Greetings friends of #leofinance, at some point I heard that information is the most valuable currency, if we contextualize this old expression today with the advent of cryptocurrencies this saying is more relevant than ever.

I mean that it has aspects more valid than ever, for the simple fact that in times of modernity the technologies and information of the crypto market are setting the standard of the financial world, this if we consider that in the last decade the cryptocurrency market has grown outside of any financial or state regulation.

Fig. 2 The traditional financial system feels threatened by the emergence of the cryptocurrency market. Public domain image, Author: Geralt, 2020

However, despite the sustained growth that the crypto market has experienced in the last decade, there are still crypto-skeptics (people who distrust or do not believe in cryptocurrencies), one of the most visible is the famous Nobel economist Joseph Stiglitz, who once said that cryptocurrencies would disappear.

In addition to leading figures such as Stiglitz, tycoon Warren Buffett also claimed at the time that cryptocurrencies are one of the worst bubbles of all time.

However, with all the negative and adverse scenarios that have led to the statements of famous crypto-skeptical figures, the only certainty is that the current debate about cryptocurrencies, specifically about Bitcoin, is an example that something is happening in the financial world, and that we are inevitably facing a change of financial paradigm on a global scale.

From my modest point of view, we are immersed in a new era where cryptocurrencies have begun to permeate our financial management styles, evidently mainly as a result of the profound economic and social transformation linked to the deterioration of traditional financial schemes and the accelerated technological progress.


BIBLIOGRAPHICAL REFERENCES CONSULTED:


[1] Deloitte Cryptocurrencies: A paradigm shift. Artículo: Acceso Online

[2] Stiglitz J Needed: a new economic paradigm. Artículo: Acceso Online


OBSERVATION


The cover image was designed by the author: @lupafilotaxia, incorporating the public domain image background: Capri23auto, 2018 Gdj, 2019