The Bitcoin price in US dollars has begun exhibiting a trend which closely mimics the price history of Germany’s Papiermark during hyperinflation.

Against Fiat, Bitcoin Follows Gold’s Price Trajectory

A summary chart uploaded to social media by the cryptocurrency analysis account planB compares BTC/USD over the past eight years with the Papiermark’s value versus the previous gold mark.

Germany abandoned the gold mark in 1914, shifting to the Papiermark, which subsequently became a symbol of hyperinflation in the early 1920s.

As the chart data shows, the past eight years of BTC/USD performance is eerily similar to the last five years of the Papiermark’s devaluation – from the end of the First World War in 1918 to 1923.

During that time, the government of the then Weimar Republic printed paper banknotes in ever increasing quantities.

“What is really interesting is that the Germans in 1918-1923…

Click to continue reading on its source location…