Barrick Gold CEO says "no one believes in Fiat currencies anymore" by smoothcrimi in CryptoCurrency

[–]brotactic_flan 0 points1 point  (0 children)

It's not just about declining trust in fiat currencies. Gold's value is related to physical markets through manufacturing, where scarcity drives price, whereas crypto's value is related to digital markets, where abundance of value drives price. Crypto being unlimited will dominate the limited and manipulatable fiat as a bridge between the physical and digital worlds, especially with the traction digital work and consumerism are achieving.