This week Deutsche Bank lead strategist Jim Reid, declared fiat may be finished. A little too much fractional banking perhaps.
“Although the current speculative interest in cryptocurrencies is more to do with Blockchain technology than a loss of faith in paper money, at some point there will likely be some medium of exchange that becomes more universal and a competitor of paper money.”
In celebration of the end of fiat, we thought we’d share this infographic we found on the History of Money, by Bartercard.
Bitcoin – it’s a new kind of money, but who’d spend it?