What is FIAT Currency? 💵 Commodity VS. FIAT Money Explained!

Описание: What is "FIAT" money?

➡️ In contrast to Commodity money, FIAT currency is a currency decreed (or issued) by an official government that is not backed by a precious metal, material or oil. There is no utility to the money in itself and its value is entirely reliant on the government that issues and prints it.

➡️ FIAT money has been put in place for governments to have greater control over their own currency as well as stabilise global markets.

Watch the full video to learn more about FIAT money!

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🕘 Timestamps:
00:00 Intro
01:05 What is FIAT money?
02:47 Main problem with FIAT money
04:13 Outro

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📢 Disclaimer:

All information provided in this video is solely for educational purposes. No information is to be taken as financial advice. All the statements and expressions are based on research and personal opinion and are not meant to be a substitute for professional advice or recommendation.
➡️ Trading cryptocurrencies poses a high risk of loss and you should not make any financial or investment decisions based on this video without undertaking your own research or consulting with a professional.

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