# Crypto is the "Future of Money" Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/crypto-is-the-future-of-money Last modified: 2021-06-24 --- By Paul Ebeling · 2021-06-24 Tags: Shayne Heffernan on Investments, money, China, digital, assets, Paul Ebeling, Bitcoin, Crypto, crypto, BTC, ether, ETH, Bitcoin, Ripple, Ethereum, Knightsbridge Insights, Dogecoin, Non-Fungible Token, Mining, Knightsbridge Signed: no (published before platform launch). Nothing in this article is investment advice. #crypto #money #bitcoin #ether $BTC $ETH Bitcoin and other cryptocurrencies have experienced a major sell-off perhaps due to China’s crackdown on it mining sector and it creation of its own digital currency, but do not dismiss the digital assets. Around $400-B in value has been wiped from the total digital currency market since last Friday, when a major Bitcoin mining hub ordered miners to shut down operations. It followed reports saying that the PBoC had a meeting with banks and gave instructions to freeze all payment channels supporting cryptocurrency trading. Nevertheless, our data shows that there is more buying than selling in here. Bitcoin experienced a volatile trading session Tuesday where it briefly dropped below 30,000 before bouncing back into positive territory. Serious crypto investors this wk do not see a cause of concern and more a case of Yippee, here we go again, let's buy this correction. For many investors, experienced and less experienced, the new lower prices triggered by the selling, will be used as a Key buying opportunity. Even those in China, which is a major market for Bitcoin and the wider crypto sector are finding ways to navigate their way around the system and Top-up their portfolios at the lower entry points. Below are the Key factors that are driving the crypto market, as follows: Inflation: There are legitimate and growing concerns about inflation as economies re-open and pent-up demand is unleashed by households, businesses and entire industries but is met with supply shortages. Bitcoin is widely regarded as a shield against inflation mainly because of its limited supply, which is not influenced by its price. Institutional support: There is growing investment from major institutional investors, bringing with them capital, expertise and reputational pull. Regulation: Global financial watchdogs are increasingly looking into establishing a regulatory framework. Because take crypto seriously as a financial asset and a medium of exchange. Regulation would give more protection and, therefore more confidence, to both retail and institutional investors. [Demographics: Millennials the beneficiaries of the largest-ever generational transfer of wealth, predicted to be more than $60-T from baby boomers to millennials over the next 30 yrs, they have grown up on technology, and are digital natives. Cryptocurrencies are tech-driven.](https://www.livetradingnews.com/rich-millennials-have-25-of-their-wealth-in-bitcoin-211621.html) Plus,, they are decentralized and not controlled by any financial institution which are largely viewed as outdated and untrusted by millennials. Money: Savvy investors appreciate the inherent value of digital, borderless, global currencies for trade and commerce purposes in our increasingly digitalized economies in which businesses operate in more than 1 jurisdiction. As such, cryptocurrencies are regarded as the Future of Money. Have a positive day, Keep the Faith! --- This Markdown mirrors https://www.livetradingnews.com/crypto-is-the-future-of-money. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt