Crypto Academy - Logo
bitcoinBTC/USD
$ 19,985.20
ethereumETH/USD
$ 1,142.00
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.46502
xrpXRP/USD
$ 0.32762
usd-coinUSDC/USD
$ 1.00
Contact Us

USD loses 97% of Buying Power Against BTC in Half a Decade

Bitcoin (BTC) has gained considerable attention from investors who consider the namesake cryptocurrency as an inflation hedge.

Bitcoin (BTC) has gained considerable attention from investors who consider the namesake cryptocurrency as an inflation hedge ever since its launch.

In the five years leading up to today, the United States Dollar (USD) has lost 97.58% of its purchasing power as compared to Bitcoin (BTC). Consequently, 1 dollar is now only worth 0.000023 Bitcoin (BTC) in comparison.

The value of the US dollar (USD) has plummeted as a result of the government’s constant money production, as evidenced by satoshi purchases.

The role of Bitcoin (BTC) as a credible option to the US Dollar (USD) has been called into question, but the facts show that during the last 50 years, inflation has eroded the value of the US Dollar (USD) by 85%.

By contrast, the value of Bitcoin (BTC) remained relatively stable, despite the fact that acquiring an entire unit of the biggest cryptocurrency is challenging for the average investor. As such, instead of acquiring one unit, investors opt to acquire partial shares of Bitcoin (BTC). 

Therefore, there has been a decrease in the number of satoshis that can be bought via the US Dollar (USD) even though the price of Bitcoin (BTC) has increased significantly, due to the deterioration of the purchasing power of the US Dollar (USD). 

In two years’ time, namely between February 1, 2020, and February 1, 2022, there has been a 75.24% downturn in the number of satoshis that can be acquired with the US Dollar (USD). More precisely, this percentage constitutes a fall from 10,656 to 2,638 in two years.

The total amount is computed by multiplying the value of Bitcoin (BTC) in dollars by the value of satoshis in Bitcoin (BTC), which is 100,000,000.

The 300% growth in price of the biggest cryptocurrency in two years is ultimately the reason for the deterioration of the amount of satoshis that can be acquired with 1 US Dollar (USD), even though there have been instances of high volatility in the market in the same time period. 

At the time of writing, the biggest cryptocurrency is changing hands at $43,861, having incurred a rise of 3.91% in a 24-hour period. Otherwise, in a week’s time, Bitcoin (BTC) has incurred a 0.83% downturn. 

Bitcoin (BTC) has a 42.3% market share of the whole cryptocurrency market, with a total market cap of $831.5 billion.

Also read:

Related News

In order to share their doubts about the industry, the first anti-crypto conference attendees are hoping to get a word with officials from the government.

Crypto Policy Symposium 2022: The First Anti-Crypto Conference

In order to share their doubts about the industry, the first anti-crypto conference attendees are hoping to get a word with officials from the government. Critics of the industry and doubters have joined together to host their own anti-crypto conference where they can express their doubts and connect with legislators in the midst of the most recent crypto bear market. The Crypto Policy Symposium promises to provide skeptics a platform

Read More »
One of the co-founders of OpenSea, the largest Non-Fungible Token (NFT) market in the Web 3.0 ecosystem, Alex Atallah, has stated that by the end of July, he will step down as active manager while remaining on the board.

Co-Founder Of OpenSea Announces He Is Stepping Down As Active Manager

One of the co-founders of OpenSea, the largest Non-Fungible Token (NFT) market in the Web 3.0 ecosystem, Alex Atallah, has stated that by the end of July, he will step down as active manager while remaining on the board. Atallah, who co-founded OpenSea with CEO Devin Finzer in 2017, has played a significant role in the growth of the business. His responsibilities have included community and marketing and product development, among other

Read More »
Updates have been provided on the current service freeze and new recovery efforts were outlined by the company.

Potential Solutions Are Being Considered By Celsius

Strategic deals and liabilities restructuring are being explored by Celsius. Updates have been provided on the current service freeze and new recovery efforts were outlined by the company. On June 12th, all transitions, withdrawals, and swaps were put on pause by Celsius and as of now, the company is looking for ways to recover. “Important steps to preserve and protect assets and explore options” are being taken by the company, per

Read More »

My Coins

bitcoinBitcoin
$ 19,985.203.63%
ethereumEthereum
$ 1,142.006.35%
cardanoCardano
$ 0.465022.02%
tetherTether
$ 1.000.14%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

Telegram Twitter Instagram Facebook Youtube Medium

© Copyright 2021, All Rights Reserved,
Crypto Academy

Menu

Crypto Academy

Learn

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org