RE: Bitcoin Has Already Reached 40% of Average Fiat Currency Lifespan
Bitcoin…to boldly go where no fiat currency has gone before!
https://cointelegraph.com/news/bitcoin-is-already-at-40-of-average-fiat-currency-lifespan-10-years
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 .
