Denys Dolinsky’s Take on Digital Assets
Businessman and analyst Denys Dolinsky shared his perspective on the relevance of digital assets in today’s world during a broadcast with political scientist Yuriy Romanenko, especially amid global challenges. He argued that the global economy is heading toward a transformation that will upend the rules for traditional financial institutions. Dolinsky noted that the crisis originally expected in 2022 was partially delayed due to military orders, which helped maintain liquidity in the markets.
Challenges Facing the Traditional Banking System
Dolinsky emphasized that many banks worldwide are insolvent institutions, and the conventional banking system has accumulated a critical mass of unresolved issues. He observed that
“if these global wars hadn’t occurred, the problems of excessive money printing and bank liquidity would already be knocking at the door”- Denys Dolinsky.
Dolinsky also expressed concern over the real solvency of global banks, stating that
“these banks simply won’t be able to return the money”if clients start withdrawing their funds en masse.
He highlighted that the United States is actively passing laws to enable free settlements in stablecoins and to create conditions for the legal use of cryptocurrencies in everyday life. 'That’s why they’ve started rapidly implementing blockchain as a rescue mechanism,' Dolinsky said. According to him, stablecoin developers and cross-border payment companies in America are receiving administrative support, signaling readiness for a large-scale shift to new financial models.
Dolinsky stressed that the transition to a new financial system will take 5–10 years, as changing economic paradigms doesn’t happen overnight and requires preparation. He believes that 'those countries and people who first master these digital tools will gain a colossal advantage.' Amid current global challenges, the need for alternative settlement instruments is becoming increasingly obvious, with digital assets playing a key role.
In summary, Dolinsky outlined a situation where the traditional banking system faces serious challenges, while also underscoring the importance of adapting to new technologies and financial instruments in the global economic context.
Denys Dolinsky’s remarks reflect current trends in finance, where traditional models are under pressure from new technologies. Given potential crises in the banking system, a shift to digital assets could become a crucial step toward ensuring financial stability in the future. This suggests that countries able to adapt quickly to change may gain strategic advantages on the world stage.