Crypto in Belgium

Belgium is a nation of savers, with the average person having more than €25,000 in savings – a large part of which is squirrelled away in saving accounts growing at little more than the rate of inflation. But the conventional prudence with which many approach money management is being shaken up as new possibilities create new investors.

Whilst some are reluctant to let go of physical cash as card payment systems become more widespread, others see opportunity in the emerging digital asset markets. From a niche innovation that traditional investors wrote off
as a nonsensical fad, cryptocurrency has defied sceptics by attracting millions of investors – and evangelists – around the world. And with endorsement from America’s new president, crypto feels more legitimate than ever, despite not being linked to any tangible commodity or having the backing of any government.
Notoriously volatile, energy-intensive, and some would say useless, cryptocurrencies are nonetheless gaining in popularity – worldwide and in Belgium as well. Are we becoming a crypto-nation and how will this market impact the Belgian economy?

Go to Article in www.brusselstime.com