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Title: Bitcoin is your choice after US. dollar fails, fiat currencies fail Post by: Catenaccio on October 03, 2023, 12:49:02 AM King dollar compares to other currencies including G20 currencies in blue highlights
https://pbs.twimg.com/media/F7IxIb-WoAARwyn?format=png&name=900x900 (https://twitter.com/charliebilello/status/1707481956663832848) https://pbs.twimg.com/media/F7MN7_JX0AAlok1?format=jpg&name=900x900 (https://twitter.com/therationalroot/status/1707725342893301776) Quote This is insane, especially considering the dollar has been devalued nearly 50% over the last 10 years. One more article about the US. dollar Purchasing Power of the U.S. Dollar Over Time (https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/) In general, money printings, QEs make the US. dollar and other fiat currencies lose their purchasing powers and their failures to reserve wealth for citizens are reasons for their citizens to find alternatives. Bitcoin is one of their best choice, if not best. The cost of an iPhone in Bitcoin, over the years. (https://www.coingecko.com/research/publications/the-cost-of-iphone-bitcoin-ether) Title: Re: Bitcoin is your choice after US. dollar fails, fiat currencies fail Post by: jasonjm on October 03, 2023, 04:00:36 AM Over the years, the purchasing power of almost all World currencies has been reducing, but it is highly unlikely that any of those currencies will fail. On the other hand, Bitcoin's value/ purchasing power has continuously increased since its inception. Bitcoin adoption is on the rise. Bitcoin should be your priority as far as the investment and storage of value is concerned, even if the other fiat currencies have value. It might not be considered a hedge against inflation at the moment, but it will help people fight inflation and devaluation in currency. It is also important to keep in mind the Bitcoin volatility and associated risks before investment.
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