Crypto enthusiasts not only speculate with cryptocurrencies on price changes, they are actively looking for opportunities to purchase real assets for crypto without the need to once again convert it into fiat money.
Is it possible to live in the real world with only crypto?
In a situation of financial turbulence around the world, trust in traditional financial institutions is rapidly being lost. The main reasons here are: record levels of inflation, sanctions restrictions, arbitrariness of payment systems. As of June 2022, U.S. annual inflation reached 9.1%, breaking the November 1981 record, according to Bloomberg. All this is just the tip of the iceberg – there are many more reasons for dissatisfaction with the fiat monetary system. Many have now become interested in cryptocurrency as a real alternative, but is it possible now to live using only cryptocurrency?