RATE Group | Deutsche Predicts Weak Fiat Will Fuel Crypto
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Deutsche Predicts Weak Fiat Will Fuel Crypto

10 Dec Deutsche Predicts Weak Fiat Will Fuel Crypto

Posted at 06:30h in Cryptocurrency News by

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The past several months have seen bitcoin perhaps overshadowed (just a bit) by any number of large-scale efforts to bring digital coins to mainstream society.

Chief among  those efforts, of course, has been the (continuing) news that China is set to launch a nationalized digital version of the yuan. Libra, of course, lingers, as a cryptocurrency project that may (or may not) get off the ground via consortium effort.

Now comes an existential question by Deutsche Bank — as asked in a research report from the bank titled “Imagine 2030: The Decade Ahead,” which offers a number of contrarian ideas.

Among those ideas is this one: “Will fiat currencies survive the policy dilemma that authorities will experience as they try to balance higher yields with record levels of debt? That’s the multi-trillion dollar (or bitcoin) question for the decade ahead.”

According to the paper, authored by Deutsche Bank strategist Jim Reid, the “forces…

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