The growth of Bitcoin poses a significant threat to the existing fiat currency system, Frank Giustra, CEO of investment management firm Fiore Group, said in an interview with Stansberry Research, while noting that regulators are willing to redouble their efforts to curb any competition.
According to Giustra, the global economy is shifting to a digital world, and based on his predictions for the imminent reset of the monetary system, Bitcoin may stand out. This
The billionaire believes that Bitcoin could undermine the sovereignty of fiat currencies and even pose a threat to the possible establishment of central bank digital currencies (CBDCs) in jurisdictions such as the United States. The world needs to understand that the country’s goal is to lead in blockchain, not digital assets.