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Deutsche Bank Says Crypto Will Fully Replace Fiat Within 10 Years

According to the “Imagine 2030” report in a section called “The end of fiat money?” by strategist Jim Reid, fiat money has been kept alive for so long with activity that has now had a detrimental effect on it. Reid writes:

“That this current fiat system has survived so long has required a fortuitous set of global forces across multiple decades that have created sizeable natural offsetting disinflationary forces.”

It might help that there are now many countries interested in digital currencies including France and India who are both opposed to private cryptos.

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