Business Standard

When we will buy grocery and watch movies with cryptocurrencies

Experts believe we are not too far from those days

bitcoin, cryptocurrency, digital

Experts are optimistic about the rise of crypto, and we indeed see instances of it assimilate with the mainstream world of finance

Navanwita Bora Sachdev
Since it was introduced to the world in 2008, cryptocurrency’s journey has been a seesaw of ups and downs. On February 16, the price of Bitcoin, the most popular of cryptocurrencies, surpassed $50,000. While many factors contribute to this upswing, one key reason is that in the face of much scepticism, cryptocurrency is becoming popular.

This popularity comes from acceptance, as more and more people are putting their trust into cryptocurrencies. Accord­ing to the University of Cambridge’s third Global Crypto­asset Benchmarking Study, 101 million users joined crypto in 2020.

Despite acceptance to this level, the biggest challenge in the crypto

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First Published: Feb 18 2021 | 6:10 AM IST

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