Will Cryptocurrencies Overtake Fiat Currencies?

Many strategists from the cryptocurrency community have spent years of researches and have come up with a prediction that cryptocurrencies will disrupt the use of fiat currencies in the coming future. However, this prediction is combated by other strategists who have nulled this prediction by giving their own views.

Deutsche Bank, in one of its reports (Imagine 2030), has predicted that things will change by 2030 and digital currencies will be replacing fiat money. According to Jim Reid, the Global Head of Fundamental Credit, Strategy and Thematic Research at Deutsche Bank,

“We predict the end of plastic credit cards, the end of high-profit margins, and the end of low corporate tax rates.”

According to the predictions, there are many external forces like a higher rate of inflations and existing policy decisions, that are trying to unravel fiat currencies while fueling the demand for cryptocurrencies.

Some of the factors that go in favor of the statement that cryptocurrencies will…