Deutsche Bank’s Massive ‘Multi-Trillion Dollar’ By 2030 Bitcoin Question

Bitcoin and cryptocurrencies have been written off by many as nothing more than a flash-in-the-pan fad, riddled with scams and criminals.

The bitcoin price, which looks set to close the year at twice its January price, has remained highly volatile—while sluggish bitcoin adoption continues to worry those in the crypto industry.

Now, amid warnings that the “fragile” fiat currency system will be put under strain in years ahead, Germany’s troubled Deutsche Bank has asked, “will fiat currencies survive,” in what it calls the “multi-trillion dollar (or bitcoin) question.”

“The forces that have held the current fiat system together now look fragile and they could unravel in the 2020s,” Deutsche Bank strategist Jim Reid wrote in a report looking at 24 alternative ideas for the next 10 years.

“If so, that will start to lead to a backlash against fiat money…