A word from Morgan Stanley emphasised what it known as “a paradigm shift in the global perception and use of digital assets”, citing:
- 106 million individuals holding Bitcoin
- Bitcoin ATMs out there in over 80 nations
- spot Bitcoin exchange-traded funds (ETFs) authorized by the U.S. Securities and Trade Fee (SEC)
And that central financial institution digital currencies (CBDCs) have the potential to determine a unified normal for cross-border funds, which might diminish the reliance on conventional intermediaries like SWIFT and using dominant currencies such because the greenback
MS says such developments will chip away on the dominace of the US greenback, weakening its maintain on world financing.
Bitcoin replace:
