Binance founder CZ pointed out that there is a dramatic shift in the perception of hard currencies among government officials. He noted that, based on his experience as a policy advisor, officials from multiple countries have already begun to treat cryptocurrencies as assets with value similar to hard currencies.
What this statement suggests is that the policy status of cryptocurrencies is rapidly changing. Cryptocurrencies, once considered peripheral assets, are now being recognized at the government level as an important element of macroeconomic policy. The background for governments around the world seriously considering the potential of cryptocurrencies as hard currencies includes the multipolarization of the international financial order and the need for asset holdings that do not rely on traditional fiat currencies.
CZ's observation is not merely an optimistic industry hope but indicates an ongoing policy shift. Recognizing cryptocurrencies as hard currencies by governments is likely to not only improve the regulatory environment but also accelerate adoption by institutional investors in digital assets.
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Binance founder CZ pointed out that there is a dramatic shift in the perception of hard currencies among government officials. He noted that, based on his experience as a policy advisor, officials from multiple countries have already begun to treat cryptocurrencies as assets with value similar to hard currencies.
What this statement suggests is that the policy status of cryptocurrencies is rapidly changing. Cryptocurrencies, once considered peripheral assets, are now being recognized at the government level as an important element of macroeconomic policy. The background for governments around the world seriously considering the potential of cryptocurrencies as hard currencies includes the multipolarization of the international financial order and the need for asset holdings that do not rely on traditional fiat currencies.
CZ's observation is not merely an optimistic industry hope but indicates an ongoing policy shift. Recognizing cryptocurrencies as hard currencies by governments is likely to not only improve the regulatory environment but also accelerate adoption by institutional investors in digital assets.