Bitcoin as the Ultimate Haven from Hyperinflation: A Country By Country Analysis Of Worldwide Fiat Currency Inflation
https://cryptoiq.co/bitcoin-as-the-ultimate-haven-from-hyperinflation-a-country-by-country-analysis-of-worldwide-fiat-currency-inflation/there is 2-3 percent annual inflation in the United States.
If we split the difference at a 2.5 percent annual inflation rate, it means $100,000 stored in a bank will lose a whopping $22,400 of value over the course of 10 years, corresponding to 22.4 percent inflation per 10 years.
It appears inflation will only worsen in the United States since the national debt is approaching $22 trillion, with a budget deficit of $1 trillion per year and growing. This situation will likely lead to increased money printing, which would increase the inflation rate. Therefore, saving money in USD long term does not make financial sense. Bitcoin is an alternative way to store money long term
Euro (EUR) Inflation Rate Is 37.5 percent Relative To USD During The Last 10 Years
United Kingdom’s Pound Has 65 Percent Inflation Relative to USD in 11 Years
Canada’s Inflation Rate Is 45.2 Percent Relative to USD During the Last 7 Years
Mexico’s Inflation Rate Is 97.6 Percent Relative to the USD During Past 10 Years
Russia Has 194 Percent Inflation Relative to USD Since the 2008 Great Recession
Japan’s Inflation Rate Is 46 Percent Relative to USD Over the Past 7 Years
China’s Inflation Is Only 14.4 Percent Relative to USD Since 2013, but China Tightly Controls the CNY
Switzerland Has One Of The Lowest Inflation Rates At Less Than 5 percent Relative To The USD In 7 Years
India Has Seen 79 Percent Inflation Relative to USD Since the Great Recession Began
Indonesia Has 76 Percent Inflation Relative to the USD in Seven Years
Brazil Has 152 percent Inflation Relative To USD In Past Seven Years, Despite Being the Strongest Economy In South America
Venezuela Has Ridiculous Inflation Around One million percent Per Year; Bolivar Collapsing
South Korea Has Zero Inflation Relative to the USD
Australia Has 53 Percent Inflation Relative to the USD in Seven Years
Israel Has Zero Inflation Relative To USD Long Term
In total, there are 180 fiat currencies in the world, and here, we’re covering just 16 of them. We could keep going, but the trend is already clear. Even in major countries with powerful economies, inflation has become a serious issue, with some major countries experiencing 50-200 percent inflation relative to the USD over the past decade, and those numbers don’t even take in the 2.5 percent per year USD inflation underlying them.
It is possible that worldwide fiat inflation will accelerate due to the growing global debt crisis. That’s especially true if an economic recession occurs since that would force a rapid increase in money printing.
