The ongoing battle for crypto's survival.
The recent charges brought by the SEC against Binance and Coinbase Global have dealt a blow to the already struggling cryptocurrency market. However, investors should not write off crypto completely as rising interest rates may be what is needed to resurrect its original sales pitch as a technological breakthrough that facilitates the global circulation of privately issued currencies. Modern technology has eliminated the obstacles that have historically limited the reach of privately issued currencies, and the proposition that their circulation might be economically beneficial has been around for a while. The availability of viable alternatives and the increasing difficulty of accessing official, national currencies may be the catalyst for privately issued currencies to attain critical mass.