I used to assume the adoption of bitcoin by central banks for his or her reserves would occur quickly, given the pressing want in some pockets of the worldwide economic system – now I notice that getting regulators snug with the concept, particularly after the excessive degree of confusion of what the FTX collapse is definitely about (i.e., fraud, not crypto), might take a while. However it’s turning into more and more clear to me that it’ll occur, as a result of it must occur. The doubt and mistrust sown by current crypto drama will recede, and the determined have to shore up financial resilience – mixed with a rising understanding of the relative simplicity of an asset that may be transformed into {dollars} or every other foreign money at any time – will incentivize higher acceptance and experimentation.