The Cryptocurrency Revolution and President Biden's Formal Recognition -

Out of the ashes of the 2008 financial crisis, Bitcoin sprang up like an insurgency, targeting both the unbridled activity of large financial institutions and the monetary policies of governments charged with overseeing them. The goal of the developers and early adopters of cryptocurrency was to unseat a reserve currency (the dollar). After more than a decade of derisive mirth and skepticism over the idea of cryptocurrency, an organically evolving trading market that was capable of producing a swagger of crypto billionaires (overnight, intermittently), and a chaotic U.S. regulatory approach, one certainty has emerged: the financial institutions that were once the targets of the developers and early adopters have moved from being crypto denouncers to becoming crypto advisors and crypto investors.