Gold has been accepted as money for thousands of years and does not suffer from geopolitical or inflationary risks, unlike fiat currency.
Fiat Money News
Fiat money is government-issued currency that holds value because it is recognized as legal tender, not backed by a physical commodity like gold or silver. Fiat money, a cornerstone of modern economies, has a rich history.
Originating from ancient practices of promissory notes, it gained prominence in the 20th century when nations shifted from commodity-backed currencies to government-issued paper money. With the advent of digital technology, fiat money underwent a significant evolution, transitioning from physical cash to digital transactions. The rise of online banking, debit/credit cards and digital payment platforms streamlined financial transactions, making them more accessible and efficient.
In recent years, central banks globally have explored the concept of central bank digital currencies (CBDCs) as the next phase of fiat money evolution. It is important to note that Bitcoin is not fiat money, but CBDCs (when implemented) will be. CBDCs refer to digital versions of national currencies directly issued and regulated by central authorities.
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Stablecoins break down key barriers in cross-border payments, empowering small businesses and enabling financial inclusion.
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Responding to Musk’s claim, Jameson Lopp, the chief security officer at Bitcoin custody company Casa, simply said: “Bitcoin fixes this.”
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While Bitcoin may experience a retracement to $70,000, this remains part of an organic “correction within a bull market,” Nansen analysts told Cointelegraph.
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In Canada, you can buy Bitcoin on centralized exchanges, decentralized exchanges, Bitcoin ATMs and other options. You can also buy Bitcoin ETFs.
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On-ramps typically involve payment methods like bank transfers, or credit cards, whereas off-ramps often require identity verification when converting crypto to fiat.
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MetaMask users can now withdraw Ether from layer-2 networks directly into fiat currencies via Ramp Network.
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Money printing and poor fiscal policy have reduced the dollar’s value since 1913, prompting countries to explore alternative assets.
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The Ronin Network partnered with Transak to simplify NFT and crypto purchases, improving blockchain gaming accessibility.
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The incoming Trump administration’s crypto regulations and the US Federal Reserve’s monetary policy path remain the biggest factors influencing Bitcoin’s price trajectory.
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Dec. 30 marked the end of the implementation phase of the Markets in Crypto-Assets framework, as authorities can enforce rules on certain crypto service providers operating in the EU.
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The intrinsic value of cryptocurrencies can be calculated using Metcalfe’s Law, production costs and discounted utility models.
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The Cedar Innovation Foundation launched an attack ad ahead of a congressional committee vote on Caroline Crenshaw’s renomination as an SEC commissioner.
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Based on the growing global money supply projected to peak at $127 trillion in January 2026, some analysts predict a Bitcoin cycle top above $132,000.
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Bitcoin could attract $2 trillion in investments during 2025 as the global money supply grows to $127 trillion.
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