Cryptocurrency | Deutsche Bank, Cryptocurrency Can Replace the Fiat currency


Deutsche Bank believes that cryptocurrency can replace the Fiat currency in 2030. They cite crypto as "the power that unites the banknote system" which began to unravel.

Bank Deutsche's statement may be based on the German government giving the green light to financial institutions in the country to deal with cryptocurrency next year.

An analyst from one of the largest banks, Jim Reid, believes that the Fiat currency has been the object of experimentation since the dollar was separated from gold.

He writes:
"That the current fiat system has survived for so long has required a set of global forces that have happened accidentally in the decades that have created a considerable force of natural disinflation."

Apart from the above, the idea of ​​the destruction of the central bank is not new.


Reid believes that an aging population has the potential to increase labor costs on an international scale. As a result, the inflation rate will be beyond the reach of the country.

Reid said that in this chaotic scenario, the question "multi-trillion dollars (or Bitcoin)", can fight alternatives such as crypto and gold.

"The forces that have united the fiat system now look fragile and they can break down in the 2020s. If so, it will start to cause a counterattack on paper money and requests for alternative currencies, such as gold or crypto, can soar. "

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Cryptocurrency | Deutsche Bank, Cryptocurrency Can Replace the Fiat currency Cryptocurrency | Deutsche Bank, Cryptocurrency Can Replace the Fiat currency Reviewed by sheffter on December 10, 2019 Rating: 5

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