Marco
Mon Jul 08 2024
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6 answers
947
Is centralized banking to blame for cryptocurrencies' implosion?
Could you elaborate on the potential role of centralized banking in the explosive rise of cryptocurrencies? Some argue that traditional banking systems, with their inherent limitations and regulations, have created a fertile ground for the emergence and growth of decentralized alternatives like cryptocurrencies. Do you believe that centralized banking's shortcomings, such as high fees, slow transactions, and limited access, have fueled the demand for cryptocurrencies, ultimately contributing to their meteoric rise? Or do you think there are other, more significant factors at play?
