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YOU heard it correctly. Global plans for crypto are go, go, go. Jurisdictions which have failed to adapt to the onchain economy will be the sacrificial lambs.
Crypto, although initially subverted to criminal activity, a narrative pushed by big finance firms, is now undoubtedly the monetary system of transparency, honesty and integrity. It is a decentralised system that cuts out the politics and focuses on the actualities rather than the stories that surround.
The Matrix
Think of it a bit like The Matrix when Neo is at the Oracle’s house and he learns “to bend a spoon”. You must believe “there is no spoon.”
This marries up nicely with traditional finance vs DeFi and neo-banks’ finance. As in The Matrix, you become free from no longer accepting the illusion that has been placed around “money” and who controls it; through financial literacy with a crypto edge, you can become like Neo in The Matrix and recognise “there is no spoon”. Let’s delve into the new world:
Bitcoin skyrocketed to £92,000 during Crypto Week (14–18 July 2025), a US event championing cryptocurrency. The market soared, with Ethereum rising 20% and Ripple’s XRP jumping 30%, driven by pro-crypto policies and institutional moves. Traditional banks, often dismissive of crypto as “troublesome”, are losing ground as digital assets gain traction, with proposals such as a Strategic Bitcoin Reserve signalling mainstream acceptance.
What does this mean for banks?
Public trust in traditional banking is waning, while DeFi and neo-banks surge. Neo-banks and SuperApps, such as Moneybrain, offer low-cost, user-friendly platforms, outpacing legacy institutions.
Impact on traditional banks
Traditional banks face declining trust, as DeFi provides transparent, decentralised alternatives, attracting younger users with seamless crypto integration, eroding heritage banks’ market share. With the global crypto market nearing £3.1 trillion, deposits are shifting to digital assets. To survive, banks must embrace blockchain or risk irrelevance, balancing innovation with regulatory demands and crypto’s volatility.
Crypto Week 2025 marked a turning point for decentralised finance. As Buddhist wisdom suggests, shedding the six poisons reveals reality as malleable. Banks must adapt or fade as individuals redefine financial freedom.
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