Sky’s the limit for Bitcoin, whose market capitalization could reach $100 trillion when looking at the historic trends of the US dollar and the world’s most popular cryptocurrency side by side.
Dollar’s Inflation is a Feature
April Fools Day aside, the only predictable thing about the US Dollar is that its purchasing power will continue to drop.
Since 1913, the year the Federal Reserve was established, the dollar has lost over 96 percent of its value.
Overall, prices in 2016 were 2,324 percent higher than average prices in 1913, according to the Bureau of Labor Statistics consumer price index. In other words, the world’s reserve currency experienced an average annual inflation rate of 3.14% over the last century.
What’s more, other fiat currencies, particularly in developing economies have fared much worse. Some like the Algerian Dinar, for example, have lost roughly 80 percent against the USD in the past 5 years alone.
Since the dollar is inherently designed to lose value over time, keeping your hard-earned money…