Monetary systems and credit systems in the past and in the future
SmartCredit.io Co-Founders are CFA's and MBA's, with long experience in Credit-Suisse and other financial services companies. SmartCredit.io Co-Founders are early crypto adaptors as well. This blog aims to explain the emergence of crypto fixed income markets, the emergence of an alternate blockchain-based financial system. It's the system, where people will take back control over their money. It's the system, which is created for the benefit of many instead of a few.
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In the previous article, we looked at the two dimensions of money — base money and credit money. We also looked at the different kind of monetary systems that existed in the last 5’000 years and possible scenarios for the future.
Some readers may remember the NASDAQ Dot-com bubble of 2000, but most readers WILL remember the Crypto bubble of 2018. In this article, we ask if we can leverage our knowledge of NASDAQ’s 2000 bubble in forecasting future crypto trends? What are their commonalities? And what will happen next?