The US Dollar Has Lost 97% of Its Value Since 1913: Is Bitcoin the Way Out?

Share

Since the Federal Reserve was created in 1913, the US dollar has lost about 97% of its purchasing power according to the Bureau of Labor Statistics CPI-U. A dollar from 1913 buys roughly 3 cents’ worth of today’s goods. One dollar in 1913 is equivalent to approximately 33 to 34 dollars in 2026. This represents 113 years of continuous inflation. The article raises the question of whether Bitcoin could serve as an alternative.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles