The value of dollar has lost 96% of its purchasing power since the formation of federal reserve in 1913.
But there is a world out there which is in even worse state
° Pakistani rupee lost 55% of its value in comparison to USD in 5 years between 2018 and 2023.
° Indian Rupee lost 33% of its value against USD in the past decade
° Argentinian Peso lost 81% of its value against USD in last 5 years
And this is not even the worst of the lot.
1) Zimbabwean Dollar - 77% in 11 months of 2022
2) Venezuelan Bolivar - 82% in past 1 year
3) Egyptian Dollar - 38% in Last 6 months.
4)Cuban Peso - 56% in 2022
5)Ghanaian Cedi - 56.36% in 2022
This shows the importance of having a decentralised currency free from the tyranny of central banks and corrupt governments.
Yes , I know that Bitcoin/Crypto is also down quite a lot from its ATH but over the course of years as the price stabilises it's gonna play an extremely important role in world economy as people will see that there are better options out there.
And that's what crypto is about, Being a better medium of value preservation and exchange in comparison to FIAT.
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