Cryptocurrencies are beginning the long journey of challenging US dollar primacy – Morgan Stanley

As interest in using cryptocurrencies for transactions continues to rise for both consumers and businesses, crypto has begun a cycle of increased stability and popularity – but the question is, can this cycle continue? The answer is now clear, the cycle will continue, Sheena Shah, Lead Cryptocurrency Analyst, reports.

Is cryptocurrency becoming currency?

“Consumers and businesses are increasingly wanting to transact in cryptocurrency. Maybe most are simply wanting to trade the value of the asset, but as it becomes easier to transact in crypto and legal structures are defined, cryptocurrencies could start to become currency.”

“Cryptocurrencies are beginning the long journey of challenging US dollar primacy, and the president's recent executive order on digital assets shows little sign of regulators getting in their way for now.”