A healthy amount of skepticism should always be welcomed and encouraged whenever a new invention or technology is brought to the market. No matter how good the idea it'll always be met with some amount of naysaying. Wether they're few but extremely loud or actually many they can still be convincing and produce a large impact. In a world where anti-vaxxers and flat earthers roam freely it isn't surprising how some extremely innovative, high-potential, inventions are becoming mainstream at a painstakingly slow pace. Cryptocurrencies are one of these.

Although Bitcoin only went live in 2009 the concept of Cryptocurrencies has been around for about 40 years. Less than two decades later this technology has suffered many, extreme, ups and downs. Yet it always manages to bounce back. A year and a half since FTX filed for bankruptcy institutional interest in digital assets and blockchain technology has significantly increased. Bitcoin prices have surged, driven by the SEC's approval of bitcoin ETFs, including BlackRock's establishing a new record as the fastest growing ever asset of this type. BlackRock has also launched a new tokenised fund on the public Ethereum network marking a significant milestone in this market. Additionally, a number of digital bonds have been launched recently following a number of digital bonds issued by the European Investment Bank with several leading financial institutions (Forbes, 2024).

Blockchain enhances AI transparency and data integrity while AI tools improve trust in cryptocurrency markets all while Web3 technology is laying the foundation for a new decentralised finance system. Advances in scalability and privacy have increased trust in this system, paramount feature when it comes to one's money value and storage. Although the involvement of such large institutions somewhat defeats the point of decentralised finance, currency democratisation and generally individuals' agency over their own finances and their access to new ones these actions only validate these technologies further. Currently close to a third of the world's adults are unbanked and the problem isn't limited to the developing world. Phenomena such as increased mobile and cryptocurrency adoption are supporting financial inclusion globally as well as safeguarding assets for example from currency devaluation; growing wealth by making small investments in major stocks via tokenisation; and earning interest on crypto holdings (World Economic Forum, 2021).

Overall continued growth and transformation are expected in the financial sector. As has been demonstrated even an event as important as the collapse of FTX will not stop this space from progressing further in an ongoing pursuit for freedom and democratisation globally (Forbes, 2024).

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