Recent discussions in the crypto space have emerged regarding the decline in fiat money value and the increasing popularity of crypto assets.
Raoul Pal's Warning on Fiat Currency
Raoul Pal, founder of Global Macro Investor, warned that savings in fiat currencies are losing their value. He stated that investing in cryptocurrencies and NFTs can help preserve wealth amidst high inflation, which continues to be elevated globally.
Rising Popularity of Cryptocurrencies
According to data from analysts, global cryptocurrency adoption has increased. In 2024, approximately 6.8% of the world's population owned cryptocurrencies, which is 34% more than in 2023. The highest ownership levels are observed in the UAE (25%) and Saudi Arabia (15%). In the US, this share ranges from 15% to 28% among adults.
Trends in the NFT Market
The NFT market has experienced significant fluctuations. For example, in 2021, digital artist Beeple sold his NFT for a record $69 million, which marked the peak of the market. However, since then, many NFTs, including CryptoPunks and Bored Ape Yacht Club, have seen significant price declines. Despite this, analysts note that for many NFTs, cultural aspects such as exclusive access to events and the social status associated with owning certain art pieces are important.
In summary, as fiat currencies decline, interest in cryptocurrencies and NFTs grows as alternative assets. However, many experts emphasize that broad adoption of these technologies requires improvements in infrastructure and regulatory clarity.
