The boundary between crypto and fiat money is becoming more permeable
Crypto may be past the point where it can be considered self-contained
FINANCE HAS its squabbling tribes, much like the rest of society. A contest that attracts a lot of attention just now is the demographic-cum-digital divide between crypto kids and fiat dinosaurs. The crypto kids believe that blockchain-based finance is the future and a haven from the inevitable degradation of fiat money. In the opposite corner are the titanosaurs of the fiat world, the central bankers. “I’m sceptical about crypto assets, frankly, because they are dangerous,” said Andrew Bailey, the Bank of England’s boss, this week.
This article appeared in the Finance & economics section of the print edition under the headline “The anti-fiat punto”
Finance & economics
May 29th 2021- An investment bonanza is coming
- Which euro-zone economies are bouncing back quickest?
- The boundary between crypto and fiat money is becoming more permeable
- What will it cost to end the pandemic?
- What America’s hot housing market means for consumer prices
- The pandemic revives interest in a morbid French financial scheme
- What it means to invest in Chinese offshore assets could be changing
- When does transitory inflation become sustained?
From the May 29th 2021 edition
Discover stories from this section and more in the list of contents
Explore the edition
China’s retaliation against Trump’s tariffs is an act of self-harm
Stockmarkets plunge further in response
How worrying is the weakening dollar?
In times of trouble, the greenback normally strengthens
What America’s stockmarket plunge means
Farewell to 15 years of exceptionalism?
Financial markets flail in the face of America’s tariffs
Asia is hit hardest, but nowhere looks good
What a refugee camp reveals about economics
In Dzaleka, Malawi, everyone receives $9 a month
Tin, an overlooked critical metal, is enjoying a boom
Prized and in short supply, its price is very volatile