Dollar arguably the world s primary reserve currency. If cryptocurrency perhaps bitcoin was globally accepted as the world s reserve currency how well could it manage inflation and provide transparency compared to the u s. Using the common definition bitcoin is deflationary because bitcoin s purchasing power increases over time.
Two definitions of inflation. In 2003 zimbabwe s monthly inflation rate hit 7 96 x 10 10 percent and in 1923 the german government s hyperinflation caused the exchange rate to rocket to 4 2 trillion german marks to one u s. Bitcoin inflation rate track the historic inflation annual rate of bitcoin s money supply.
Bitcoin money supply vs usd is bitcoin trending towards a world reserve currency. Bitcoin volatility vs other asset classes compares bitcoin volatility to other asset classes. Bitcoin volatility trend compares to forex also traded volume.
The data above shows that bitcoin inflation rate is 150 times lower than in china 160 times lower than in the united states and germany 200 times lower than in india 520 times lower than in russia and 268 867 000 times lower than in venezuela. Coinmetrics io data bitcoin the salvation of store of value. Bitcoin inflation rate 5 years chart.
As the economic crisis caused by the coronavirus starts to finally stabilize the dollar could easily test its 2011 lows weakened by as much as 35 in broad trade weighted inflation adjusted terms. Dollars around the world as i mentioned earlier. Dollar is referring to prices and purchasing power since it is impossible to track the supply of u s.
To clarify the terms used here the inflation of bitcoin here is referring to the increase in its monetary supply while the inflation of the u s. Dollar with a low but predictable inflation target. So ironically cryptocurrency might only become a currency if it acts more like the u s.
An asset like bitcoin or the u s.
Bitcoin vs dollar inflation. Dollar and bitcoin the big question is which one is the real bubble the u s. Dollar s inflation rate is equal to 2 92 annually. Every year it devaluates. 100 in 1900 is.
Power than the rocket that sent astronauts to the moon or in how sequencing a human genome used to cost a million dollars in usd and now costs.
Power than the rocket that sent astronauts to the moon or in how sequencing a human genome used to cost a million dollars in usd and now costs. 100 in 1900 is. Every year it devaluates.
Dollar s inflation rate is equal to 2 92 annually. Dollar and bitcoin the big question is which one is the real bubble the u s.
