RE: Bitcoin Has Already Reached 40% of Average Fiat Currency Lifespan
Bitcoin…to boldly go where no fiat currency has gone before!
Bitcoin (BTC) may only be ten years old, but it is about to match half the lifespan of the average fiat currency — while actually increasing in value.
Average fiat dies in 27 years
As Bitcoin statistician and commentator Willy Woo noted on Oct. 18, the largest cryptocurrency has been around 40% as long as the average government-issued currency.
Woo was referencing a 2018 study by DollarDaze. Out of 775 fiat currencies past and present, researchers concluded the average lifespan is just 27 years.
The longest-living fiat currency, the British pound sterling, has lost practically all its value since its inception, not helped by leaving the gold standard in 1931.
“Bitcoin has already reached 40% of the life expectancy of the average fiat currency (27yrs). The most successful fiat currency has lost 99.5% of its value,” Woo summarized.
Amazing to think what has taken place and the leaps and bounds Bitcoin has made in those ten years . It puts a smile on my face thinking back to some of the milestones I have witnessed – an even bigger smile thinking what we have yet to even witness .