Talk of cryptocurrency boomed during 2020 when the COVID-19 pandemic shook the economies of countries across the globe. The value of many currencies between 2020 and 2021 took a hit, and many countries are still recovering from the economic impact.

Since the pandemic, the number of cryptocurrencies available has nearly doubled. The crypto market has gained attention from economists, investors, and the general public for its unorthodox approach to banking that does not rely on a central government or monetary superpower. 

The increase in cryptocurrency holders across the globe has begged the question: is cryptocurrency a sustainable banking system?