By en.coin-turk.com on September 30, 2023
It is widely accepted that the US dollar (USD) has been one of the strongest traditional currencies for a long time. In the past decade, the USD has outperformed a total of 115 national currencies, including 17 G20 member countries. However, during the same 10-year period, the legal currency of the United States was left behind by Bitcoin (BTC) in a strong manner. Bitcoin or Dollar? Data obtained from Bitstamp’s BTC/USD price chart reveals that the legal currency of one of the richest countries in the world cannot maintain its value against the leading cryptocurrency based on market value. From September 30, 2013, to the same day in 2023, the US Dollar lost 99.52% of its value against Bitcoin. Interestingly, this also represents a price increase of more than 22,000% for BTC against the US Dollar. In particular, the Chinese central bank triggered the collapse of Bitcoin in late 2013 […]
The Coin Detective