Bitcoin Has Already Reached 40% of Average Fiat Currency Lifespan

As Cointelegraph reported, “Bitcoin (BTC) may only be ten years old, but it is about to match half the lifespan of the average fiat currency — while actually increasing in value.

“As Bitcoin statistician and commentator Willy Woo noted on Oct. 18, the largest cryptocurrency has been around 40% as long as the average government-issued currency.

“Woo was referencing a 2018 study by DollarDaze. Out of 775 fiat currencies past and present, researchers concluded the average lifespan is just 27 years.

“The longest-living fiat currency, the British pound sterling, has lost practically all its value since its inception, not helped by leaving the gold standard in 1931.

“’Bitcoin has already reached 40% of the life expectancy of the average fiat currency (27yrs). The most successful fiat currency has lost 99.5% of its value,’ Woo summarized.

“The figures contrast with the ongoing declarations from critics that Bitcoin is weakening or will collapse altogether. According to monitoring resource 99 Bitcoins, a total of 377 Bitcoin obituaries have surfaced since records began. Since launching, however, it has only gained value, with its publicly-verifiable scarcity ensuring demand…”

Continue to read the full article at Cointelegraph.

Track the current price of Bitcoin, Ethereum, Ripple and altcoins here.