Is wide-spread adoption of cryptocurrency and the rise of central bank digital currency about to happen?

From late 2020 into early 2021 cryptocurrencies (“cryptos”) have surged in popularity and price bringing about a renewed interest to the space. However, lack of mainstream adoption gives us pause and begs the question of why? Why is there so much interest in cryptos again, and why are investors comfortable paying 6X as much per bitcoin in the beginning of 2021 as compared to the beginning of 2020?

When examining the explosion in cryptocurrency popularity, we are focusing on three possible drivers:…