A Reasonable Warning of the Crypto World

by Gelt Consulting Staff April 9th 2024

The crypto guys call our currency fiat. Have you ever heard that? But its hard to understand their point, are they actually implying crypto is not fiat? If we can agree that the US Dollar is fiat then we should be able to agree that crypto is Super Fiat! Super-Double-Extra-Fiat, or worse!

Just think it thru. At least with US Dollars, or any sovereign currency for that matter, at least there is something printed and a government of people monitoring its supply - hopefully monitoring inflation, deflation, etc. How on earth can BitCoin be worth so much money? Simply because a whole lot of people all have agreed it has value.

Study the Dutch history of Tulip's becoming almost like a currency!! We will be posting more on this soon...