In his Sept 30 report, Chang dives deeper into crypto, how it came about, the challenges it faces and its future
Is cryptocurrency or crypto considered money? Despite its trillion-dollar market capitalisation, they are not widely accepted yet, says DBS Group Research analyst Chang Wei Liang.
At its peak, there were 1.36 million active Bitcoin addresses, and 46 million wallets containing more than US$1 ($1.29), Chang, a foreign exchange (FX) and credit strategist, points out. However, this pales in comparison to our global population of 8.2 billion people, with a vast majority of these individuals having never used crypto before, he adds.
