Fiat vs Crypto: Lado Okhotnikov about fraud of the fiat economy and the rise of cryptos

Financial elites have no understanding of how to break the fiat economy’s deadlock. In the coming years we will witness an epic confrontation of a fiat vs crypto. And who will be the winner, it is not easy to forecast. However, investors seem to be starting to bet on the crypto.

The article raises pressing questions about cryptocurrencies and the current economic system. Cryptocurrencies are not just a new asset, but a potential replacement for fiat money.

There are serious shortcomings in the fiat system: inflation, dependence on banks and subjectivity of financial decisions. In contrast, blockchain and cryptocurrencies offer an alternative with greater transparency and independence.

Interestingly, financial elites are resisting these changes, but can no longer ignore the potential of cryptocurrencies. We are in for an epic showdown between fiat and crypto in the coming years.