What I mean by trust is the level of faith is some fiat currencies is at its low point and alternatives are being looked for. Crypto will allow for this. Even billionaires around the world are not ignoring crypto and are allocating some of their wealth to it.
I've never said crypto is a replacement to gold but it offers an alternative asset class that has to date behaved as a inflation hedge but has far more useful options.
Crypto is a currency you manage yourself. You can transfer it into any currency and pay it into a bank account in any country. I buy raw materials from Vietnam using tether.
You earn interest staking it and you can lend it or borrow it.
The stats are staggering. At the beginning of 2021 there were ~60m users and at the end of 2021 there were 300m (~158m are bitcoin owners), forecasts are estimating there being 600-900m users by the end of 2022. Tether averages at around $100b in transactions every day (higher now as I think that was a July 2021 number). There are 18,000 business that actively accept crytpo (see below for a sample). There are 24,000 crypto ATMs globally. The take up is just starting and personally I find it exciting watching the change that is happening faster than anything we have seen in the history of the planet.
Currently accepting Bitcoin - KFC Canada - Starbucks - Microsoft - AT&T - Home Depot - Rakuten Japan - Mastercard - Coke vending machines in Australia
