Everyone was laughing on Ray Diallo when he said his famous phrase "cash is trash" on 2019 and they even laughed more when his hedge fund tanked 30% under water on early 2020. guess what, US stock markets are bullish again and on a stunning V-shaped recovery and Gold recently hit all time high and bitcoin of course in its way to break new price record. So, who's laughing now!. he was damn right.
If you say that cash is rubbish, I want more such rubbish. Anyone can express themselves in such a way. However, the cash of states has never been and never will be rubbish. The exceptions are states that have declared themselves bankrupt, that is, declared a default. However, this is not common. Until now, the economies of all states have successfully used national cash and non-cash money, which reflect the value of all goods in this state. Now we are switching more to the use of non-cash and digital forms of money, but this does not mean that the money of states will ever disappear. As long as there will be various states on our planet that will defend their economic and political development, as long as there will be national money of states, in cash or in cash, it does not matter anymore.