In a new report predicting the decade of the 2020-2030s by Deutsche Bank Research, the bank says that the adoption of digital currencies is inevitable. Governments need to catch up or the backlash against fiat currencies will be too great to handle.
This is a bit of a stretch. These are articles written by individual research analysts in
Konzept, a magazine published by DB Research.
Regarding "inevitable," the opening editorial offers this warning:
A staggering list of incorrect decade-ahead predictions litter history. In the 1970s, some expected gold to lose all value in the era of fiat money. In the 1980s, most believed quartz watches would completely replace the mechanical sort. In the 1990s, a host of publishers rejected the Harry Potter manuscript, while in the 2000s, internet buffs said remote working would end the office.
Herein lies the trouble with most decade-ahead predictions. Either, they merely extrapolate current, well-known trends, or they are so outlandish it is impossible to see a link between now and the future.
With this challenge in mind, for this special edition of Konzept, we asked our research analysts for original ideas with plausible links to today. It took time but this Konzept contains 24 contrarian ideas for what the coming decade may hold. We fully admit that some may not eventuate but as a society, individuals, and investors, we want to be ready for the unexpected challenges of the 2020s, not the themes of the decade just gone.
Despite a lot of
ifs, "The end of fiat money?" and "Cryptocurrencies: the 21st century cash" are good reads.
https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF