A recent survey by Deloitte of financial industry executives found that digital assets are likely to replace fiat currencies within five to ten year. Banks should be aware.
The report states that the Deloittes 2021 Global Blockchain Survey affirms banks need to embrace their digital future. Financial leaders are increasingly seeing digital assets as the future, in a seismic shift.
76% of respondents believed digital assets would be a strong substitute for or even replace fiat currencies over the next 510 year.
This report shows that digital asset revolution could soon be upon us, and those who don't follow this trend risk losing their money.
Advertisement
Advertisement
As digital assets become more permanent, investors and institutions are looking for new ways to store money.
This report is a strong indicator that industry changes are imminent, regardless of whether they are ready.
The report concludes that participation in the digital age is an inevitable reality. Only leaders are responsible for deciding how to best use digital assets and new global financial services infrastructure.
READ MORE: Financial execs say that crypto assets could replace fiat currencies in as little as five years.
Advertisement
Advertisement
More about crypto: Feds Smash Armored Vehicle through Wall during Bitcoin Raid
