German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies


Germany’s Finance Minister Olaf Scholz doubts that cryptocurrencies can currently replace traditional fiat currencies, Cointelegraph auf Deutsch reports today, September, 18.

«I would doubt today, whether it has a perspective as a currency model, » said Scholz at a “citizens dialogue” at the German‐Dutch Army Corps in Münster. Scholz compared cryptocurrencies to the tulip fever bubble in the Netherlands in the 17th century saying, «and the danger is great that there will be such a tulip inflation.»

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