Today, the economy is undergoing a technological revolution, one that combines new digital technologies and increased online activity, allowing vast amounts of data to be collected, managed, and transmitted. This technological revolution has also impacted the financial market, as well as the digitalization of money itself. Since the early 2000s, the adoption of digital currencies has gained significant momentum, driven by the enormous speculative profits and decentralized blockchain-based distributed ledger technology that utilizes cryptography.
According to the Global Adoption Index by Chainalysis, between the fourth quarter of 2023 and the first quarter of 2024, the total value of global cryptocurrency activity increased substantially, reaching levels higher than those of 2021 during the crypto bull market—a period of sustained rising cryptocurrency prices and overall market optimism. This growth was mainly fueled by heightened institutional investment, increased retail involvement in emerging markets, and the proliferation of decentralized finance (DeFi) platforms.
