History does not simply repeat itself—it manifests in similar forms. In terms of currency, this pattern of manifestation has been remarkably consistent for thousands of years. From the Roman denarius to the German paper mark, from the French "assignat" to the modern dollar, fiat money—government-issued currency without Intrinsic Value—follows a predictable lifecycle: birth, expansion, devaluation, collapse. The specific details may change—sometimes currency is initially backed by gold or silver, sometimes it is paper money supported by precious metals, and sometimes it is purely Digital Money—but the pattern has never changed. #Gate七月透明度报告发布# #BTC ETF持仓破1530亿美元# #美联储终止新型活动监管#