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.
I read that first introduction last year and it gives us confident even the market is not doing good,and while checking the recent videos of Ray
https://www.google.com/search?client=firefox-b-d&q=cash+is+trash+ray+dalioStill his stand is about Cash being trash stays strong and with his stand and admiration i salute and respect the man.
It´s a nice sounding slogan but given the size of the crypto markets we are far away from throwing cash in the trash bin. A real setup could be to claim that Dollar bills spread Covid19, a possible way top force people into a cashless society. I´m certain that won´t happen soon, they need a CB issued and fully controlled digital Dollar first
At least people realization is starting and this is what i think the important part here.
No one here (who understand crypto advantage) to Hold Fiat now while the spread is constantly happening.
Although cash is slowly going to history we still can't without it. Cashless society is something we would like to achieve but still large number of people is still using it and it's not willing to give it up.
I wouldn't say that cash is trash, maybe is just a form that becomes oldfashioned in this high technologies era but I think despite that it will not disappear over night.
But this is the beginning right?that our prayers about cashless society will soon be here .