Economists Speak of ‘Once-in-a-Millennium Change’ in Monetary History

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Leading economists are suggesting that the world is heading for a sea change in terms of the way people use money – and think that cash’s days are numbered as digital forms of currency edge toward mainstream adoption.

Per the Japan Times, Masashi Nakajima, a professor of Economics and Business Administration at Reitaku University, in Chiba Prefecture, and a former central Bank of Japan (BoJ) official, stated,

Nakajima, meanwhile, reportedly said that “advances in technology including blockchain to counter cyberattacks and counterfeiting” have “largely contributed to the realization” of digital currencies “while people are now able to use digital currencies anywhere at any time via their smartphones.”

Bitcoin is off the charts, because it isn’t just an investment. It’s a global monetary union. First ones to join… https://t.co/WBRqMW6Gnb

— Mira Christanto (@asiahodl)

#Bitcoin price on Christmas Eve ##

— Matt Ward ⚡️ (@CoinCornerMatt)

The Japanese experts’ comments come just weeks after Niall Ferguson, a Scottish economic historian, author and the Milbank Family Senior Fellow at Stanford University’s Hoover Institution, stated,

“Rather than seeking to create a Chinese-style digital dollar, Joe Biden’s nascent administration should recognize the benefits of integrating bitcoin into the United States financial system.”

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Learn more:
Fiat Will Be a Passing Fad In the History of Money – Deutsche Bank Strategist
Cash Still a Top Hedge Pick, but Digital Winning Payments War – Bank Strategist
Crypto in 2021: Bitcoin To Ride The Same Wave Of Macroeconomic Problems
Crypto Adoption in 2021: Bitcoin Rules, Ethereum Grows & Faces Rivals
Governments Paralyzed by Pandemic and Politics Are Bullish for Crypto
Undetected Inflation: Your Fiat Money Devalues Faster Than You Think

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