Bitcoin and cryptos have solved the problem of uncertainty by having a fixed amount of currency in the market. However, the volatility in value remains an issue. Fiat currency’s value depend on economic fundamentals. Cryptos have value based on pure speculation. If cryptos get acceptance of the government, it plays a vital role in deciding the value. But how long cryptos can remain beholden to governments?

Crypto’s are the darling of investors. That has prompted as many as 83 countries to consider developing CBDCs, and they are at different stages of development.

Nations do not want cryptos to be used foe nefarious activities. An IPO has to satisfy several norms. However, an initial crypto offering called ICO can be launched by anyone. Most of these ICOs are fraudulent. The sound ICOs too dwindle in value.

However, there are good ICOs too which provide investment opportunities, especially to youngsters. It is a boom.

There has to be a balance between regulation that curbs innovation and unbridled expansion that leads to misuse.