The recent influx of ‘easy money’ and the ongoing trade wars have created a problem for fiat currencies. Cryptocurrencies ultimately have the most to gain from the current chaos.
The world’s understanding of currency may soon be forced to change as major structural problems continue to define the global economy. Just as the early 20th century saw the dismantling of gold as the basis for currencies, we may soon be on the precipice of a new breakthrough into digital money and cryptocurrencies.
As Alex Karasulu, Co-Founder and CEO of OptDyn, told Forbes recently: “The gradual erosion of globalism and the recent rise of trade wars [has applied] added pressure to manipulate fiat currencies.”
There are currently trade wars happening on multiple fronts, the most notable one being US-China. However, the ongoing trade disruptions between the U.S.-EU, the EU-Indonesia, Japan-South Korea, and India-Pakistan are all sure to cause significant ruptures in the global economy. Moreover, monetary easing has become a policy in many major nations, like Australia and the United States.
The non-existent basis of the current currency market has been exposed in just the U.S-China trade talks alone. Both countries are manipulating their currencies at will to make up for failed trade negotiations. Just recently the Chinese yuan fell to the lowest level relative to the dollar in over a decade.

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Anton Lucian
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital...
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital...
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