3 Clear Signs Foretell a Fiat Money Collapse in the Near Future
According to several experts, there are a number of indicators that show the transition to the domain of decentralized finance.
Cryptocurrencies play an important role in the transition to decentralized money.
People are losing confidence in state-controlled money. Although a few years ago it seemed like something very far-fetched, many of the analyses that are currently being carried out on the situation of fiat currencies are giving signs that they are approaching a collapse.
This is a situation that is precipitated as news of the serious problems affecting large global economies, such as that of the United States, along with information that accounts for the traction that bitcoin (BTC) and other cryptocurrencies are gaining among users around the world, are known. Based on this, most experts speak of 3 key elements present in the current economic dynamics, which make them predict a collapse of fiat currencies in the next 10 years. These are factors that have to do mainly with the unlimited printing of money, the growing distrust of people in traditional monetary systems and the high interest in bitcoin and decentralized finance.
Unlimited money printing and monetary debasement
As pointed out by the team at FasterCapital, a business incubator and accelerator firm that operates worldwide, fiat currencies are currently subject to many vulnerabilities.
Among their main weaknesses, they mention the fact that their value depends on a government decree and not on an intrinsic value. A situation that –unlike what happened when money was backed by raw materials– makes these currencies very fragile.
