Fiat Money Losing Worth, Bitcoin and Gold Getting Important

[k@suy]

yes you are right our OP are lucky people to have entered into bitcoin and cryptocurrency. because we realized earlier that there was no point in accumulating fiat money because it would later be eroded by high inflation. we better buy bitcoin whose price can increase in the future. bitcoin can be used as an investment tool and a good store of value. unfortunately not everyone understands bitcoin and cryptocurrrency. so they still continue to rely on fiat money.

Inflation will be the problem of fiat, later on gold and bitcoin would be a great investment for everyone ,because as time passes by , their value becomes higher and higher,people who own these things becomes rich by obtaining little amount of it. So if you have fund now better to buy bitcoin and gold it will be a long way run good investment.

[agentx44]

There are a lot of reasons to believe that the value of our fiat money is losing its real value. We have inflation eating into the worth of goods and services that our money can buy and although this can be controlled to a certain degree this can never be stopped nor eliminated from any economic system. Another major problem is the tendency of many central banks to just print more paper money (termed as quantitative easing which is nice to ears) and circulate them to the economy. Coupled with a high degree of economic and political uncertainties as well as lack of trust for the government, we can in an era uncharted and which repercussions can be felt in the coming years. 

In a recent interview with the Swiss newspaper NZZ a, Sonntag, Mr. Gruebel explained that negative interest rates are having an adverse effect on fiat currencies. “Negative interest rates are crazy,” he said, adding “That means money is not worth anything anymore.”

Gruebel stated that as long as interest rates remain in place, the financial industry as a whole will continue to shrink. Last month, the European Central Bank (ECB) decided to cut interest rates to -0.5% and Marilyn Watson, global fundamental bond product strategy team head at Black Rock, explained that there is potential for interest rates to go more negative, especially in Europe and in Japan.

Countries such as Venezuela or Argentina are registering very high inflation rates. While Venezuela is currently in a hyperinflationary spiral, Argentina could shortly follow Venezuela’s steps. Populist governments are printing money trying to convince their populations that owning more coloured papers would make them wealthier.

This is where gold and Bitcoin (BTC) could eventually become important for society.

Source.

As the fiat money is losing its value, more and more people will realize that it is time to get into the Bitcoin bandwagon as a way to partially protect their wealth and investments. That time is coming soon. We who are the pioneers in cryptocurrency have many things to thank for that we are involved at the right time. 

We can also consider this knowing that technology is starting to improve as time passes by and the monetary stystem goes by with it too. Everything is going digital and instant. It should not be a surprise seeing people getting tired of using fiat knowing that it has interest and has a very low volatility. It will be a massive update and improvement for the global economy, it can either become higher or lower, we cannot conclude anything yet.

[k@suy]

We can also consider this knowing that technology is starting to improve as time passes by and the monetary stystem goes by with it too. Everything is going digital and instant. It should not be a surprise seeing people getting tired of using fiat knowing that it has interest and has a very low volatility. It will be a massive update and improvement for the global economy, it can either become higher or lower, we cannot conclude anything yet.

Fast paced technology may be one of the reason , we need to go and follow the fast paced technology in order for us not to be left out. Many enterprises, establishment are already in a digital era wherein fiat is not the only method of payment perharps people uses digital currency to pay for their bills.