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Cryptos Hit $1 Trillion

by Neil Mawston | 1月 07, 2021

The financial world is cooking up a frenzy this week as the total value of all cryptocurrencies passed $1 trillion for the first time ever.

It is a landmark event. A decade ago, their value was close to zero. The growth is astonishing.

Today, there are nearly 6k cryptos worldwide, of which Bitcoin is the undisputed giant, capturing almost 70% marketshare.

Some say cryptocurrencies are a bubble for gamblers. Others claim they are a digital currency for a digital future and will eventually replace the aging Dollar, Yuan, or Euro.

Whatever you believe, it is clear that cryptos are NOT going away. Millennials and technophiles are growing up with crypto-money and for many it is becoming a norm.

PayPal has quintupled US Bitcoin transactions since November. Elon Musk is being urged to convert Tesla's balance sheet from Dollars to Bitcoin. JP Morgan calls Bitcoin the new gold.

More than ever, smartphone vendors, operators and other stakeholders in the mobile industry must have a plan for the crypto future.

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