Assalamu Alaikum friends,
How can the economy of the future system? How will all economic activities be managed? Will fiat money or paper currency retain its reign? Or will this empire be destroyed? Can cryptocurrency be the key to the economy of the future? What do you think? In today's blog I will make some predictions of future economic managements. So let's get started without delay:-
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Cryptocurrencies are going to be the core of the economy of the future in my opinion. There are some special reasons for this. If cryptocurrencies continue to grow the way they are currently growing, fiat money or paper currency will eventually become obsolete. With fiat money or paper currency causing inflation in the economy at present, the decline of fiat money or paper currency is certain.
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On the other hand, Bitcoin has a total supply of 21 million and Bitcoin has no inflation. Again, there is no danger of increasing the total supply of Bitcoin. Its supply is completely fixed. But fiat money or paper currency can be printed at will. So Bitcoin or cryptocurrency will be ahead as such.
If Bitcoin were to be compared to gold, Bitcoin would be way ahead. Because Bitcoin was invented in 2009 and since then it has gained popularity much more than gold.
Finally, Bitcoin is going to be the next king of economy and will rule the whole world very nicely.
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