Cryptocurrencies may have gotten to a rough start however it looks like the rough patch may soon come to an end as future of fiat currencies turns bleak. It appears that fiat currencies’ relatively stable and hedge against recession image is finally coming to a close. Higher inflation rates, burdensome taxation policies and rising concerns over the sustainability of government-backed fiat currencies have started to take a toll and causing people to turn to alternative currencies. Amidst all this, cryptocurrencies and their decentralized framework appeal significantly to people who are awfully tired of excessive government control and exorbitant banking fees.
