Newsletter
Analysts are warning of more fiat currency debasement, which is driving a growing appetite for digital assets, including cryptocurrencies and NFTs.
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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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Crypto and art NFTs can help investors protect their purchasing power from ongoing fiat currency debasement, according to Raoul Pal.
4809 - Market Analysis
One analyst says a weak US dollar is part of a plan to fix the US financial system. Will Bitcoin benefit from a weaker DXY?
2536 - News
After the US rejected the idea of a CBDC following Trump's election, it’s yet to be seen whether other countries have any success with their national digital currency projects.
3800 - News
As the Russian government reportedly eyes ruble-backed stablecoins, a local industry executive warned that a viable “Tether replica” would require a lot of effort.
3123 - News
According to Back, Strategy and other Bitcoin treasury firms are some of the earliest bettors on Hyperbitcoinization, which may see Bitcoin’s market cap soar to above $200 trillion.
12084 - News
Incoming US Treasury buybacks and a weakening US dollar may bolster Bitcoin’s appeal as a hedge against turbulence in the traditional financial system.
17269 - News
Kraken continues expanding product offerings beyond cryptocurrencies in a bid to become a one-stop shop for online market trading.
3079 - Opinion
The disconnect between Asia’s crypto liquidity hubs and US capital markets has hindered institutional adoption of digital assets.
5794 - News
Bitcoin’s lack of momentum may drive further interest in safer investments, such as tokenized RWAs, which are approaching the $20 billion record milestone.
10692 - News
Gold has been accepted as money for thousands of years and does not suffer from geopolitical or inflationary risks, unlike fiat currency.
16477 - Opinion
Stablecoins break down key barriers in cross-border payments, empowering small businesses and enabling financial inclusion.
2953 - News
Responding to Musk’s claim, Jameson Lopp, the chief security officer at Bitcoin custody company Casa, simply said: “Bitcoin fixes this.”
11677 - News
While Bitcoin may experience a retracement to $70,000, this remains part of an organic “correction within a bull market,” Nansen analysts told Cointelegraph.
19826 - How to
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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