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Fiat currencies have traditionally shed most of their value after de-pegging from gold, and the most effective means to secure versus an inescapable decline of the UNITED STATE buck is to get bitcoin or gold, claims Alex Mashinsky, Chief Executive Officer of Celsius Network.
" The history of fiat shows that every fiat money, with time, will lose all its worth," Mashinsky stated.
0:00 – Background of fiat currency devaluation
7:12 – Monetary policy
9:40 – Overview on economic climate
14:48 – Preferred fields
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Dollar to lose 99% of value over time; Alex Mashinsky gives bitcoin, gold outlook
Fiat currencies have historically lost most of their value after de-pegging from gold, and the best way to protect against an inevitable decline of the U.S. dollar is to buy bitcoin or gold, says Alex Mashinsky, CEO of Celsius Network.
"The history of fiat demonstrates that every fiat currency, over time, will lose all its value," Mashinsky said.
0:00 - History of fiat currency depreciation
7:12 - Monetary policy
9:40 - Outlook on economy
14:48 - Preferred sectors
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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