Just as hyperinflation looms and global economy seemingly collapsing as the day passes because of the failed fiat currencies, people seek to find a safe haven.
No doubt the global adoption of crypto is the key.
A. The supply of cryptocurrencies is transparent
A few elected officials at central banks determine the current system of money supply with fairly opaque processes and policies. The case is different with cryptocurrencies where the general idea is that there is no centralized entity to govern the money. Because the protocol and process are fully transparent, any average citizen can monitor and view any change in the creation of money in realtime.
The crypto economy eliminates the need for trusting in central banks and their ability to make good decision for us not to print excess fiat currencies that could lead to inflation.
B. The supply of cryptocurrency is finite
Most Cryptos are designed to have set limits in supply. This is codified in the coin’s protocol, and no one will be able to change it unless a majority of people decide on a new consensus algorithm. This means no spectator or government official can intervene or manipulate the money supply in any way. Bitcoin, for example is technically deflationary because there will never be more than 21 million bitcoins.
C. The supply of cryptocurrency is predictable
Bitcoin is minted into existence at fixed rates determined every four years. The predictability of how much crypto will be created at what rate gives both producers and consumers better visibility into the real market demand.
Cryptocurrency (example Bitcoin) has demonstrated its use as it can be leveraged for day to day lives for the average consumer during monetary crisis:
Lower cross-border remittance cost
Preserving personal wealth
NB: This is written out of my own opinion…always do your own research.