Bitcoin

One of the strongest fiat currencies in recent memory is said to be the United States dollar (USD). During the last decade, the USD gained value relative to 115 other currencies, including 17 from G20 nations. Bitcoin (BTC) has significantly surpassed the legal tender of the United States during the past decade.According to information from Bitstamp’s BTC/USD price chart on TradingView, we can see that even the fiat currency of one of the world’s wealthiest countries has lost value versus the most valuable cryptocurrency.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4cd867b4f7164ab7b70195878b813bbb.jpeg" />BTCUSD price chart from Bitstamp. Source: TradingViewThe USD lost 99.52 percent of its value versus Bitcoin from September 30, 2013, and the same day in 2023. In addition, this means the price increase for BTC of more than 22,000% compared to the US dollar.In late 2013, the People’s Bank of China began cracking down on Bitcoin, effectively banning local financial institutions from processing BTC transactions. In addition, this is the first full year that the cryptocurrency’s value has been tracked by major indexes like CoinGecko and CoinMarketCap.<h2 id="header-0">Value of Bitcoin in Relation to Traditional Currencies</h2>If Bitcoin was superior to the US dollar over the past decade, it was even more so against other fiat currencies that had suffered enormous losses against the USD over the same time period.Charlie Bilello, Creative Planning’s chief market strategist, updated a graphic of declining fiat currencies against the dollar on September 28. The chart included 115 currencies.The Sudanese Pound (SDG), which came in second to the dollar, actually lost less value versus Bitcoin than the dollar did.

USD Lost 99.5% of Its Value Compared to BTC in the Past Decade

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