The U.S. dollar (USD) is reportedly one of the strongest fiat currencies in a long time. In the last decade, the USD outperformed 115 national currencies, of which 17 are from G20’s member countries. However, the United States legal tender was strongly outperformed by Bitcoin (BTC) in the same 10-year period.
Data retrieved by Finbold from Bitstamp’s BTC/USD price chart on TradingView shows that even the fiat currency from one of the most wealthy countries of all time has not been able to keep its value against the leading cryptocurrency by market capitalization.
From September 30, 2013, to the same day 10 years later in 2023, the U.S. Dollar lost 99.52% of its value against Bitcoin. Interestingly, it also represents a price appreciation superior to 22,000% for BTC against the USD.
BTCUSD 1W historic price chart from Bitstamp. Source: TradingView
Notably, the Chinese central bank began to crack down on Bitcoin in late 2013, prohibiting local financial institutions from handling BTC
We współpracy z: https://finbold.com/u-s-dollar-lost-99-5-of-its-value-against-bitcoin-in-the-last-10-years/
