Deutsche Bank believes that digital assets will be fully adopted
The German institution stressed that cryptocurrencies are behaving in the same way as the Internet in the early years
A report prepared by the German bank Deutsche Bank determined that cryptocurrencies could be fully implemented in about two years.
The report published this week ensures that digital assets already have the potential to make a radial change in payments, banking, the central banks and the balance of power.
“We believe that a new cryptocurrency could become the dominant trend in the next two years”, the report highlights.
In addition, it is expected that both China’s digital yuan initiative and the libra, the Facebook project, will be launched this year. The report says that with this, cryptocurrencies could be made available to more than 1.5 billion Chinese citizens and some 2.5 billion Facebook users to reach more than half of the world’s population.
On the other hand, the report indicates that with the current pace of adoption, cryptocurrencies run parallel to the Internet in its early years.
If this trend continues, there could be more than 200 million blockchain wallets by 2030, compared to 50 million in 2020.
K. Tovar
Source: agencies
