The world’s oldest FIATA currency has lost 99.5% of its value
FIATA the world’s oldest currency, the British pound sterling has lost more than 99% of its value. It is believed that the pound sterling was established in 1158 by the decree of Henry I.
That this respectable currency has lost almost all its value, indicated on Twitter InterchangeHQ founder and former employee of the company Uber Dan Hoedl:
Initially, the pound was defined as 12 ounces of silver. Now it is less than 0.5% of its original price. In other words, the most successful and long-standing currency has lost 99.5% of its value.
As shown in the chart, over the years, the state of the currency had only deteriorated:
And here is a similar graph with more young of the U.S. dollar:
On the other hand, the price incurred in 2009, bitcoin has now decreased by 67% compared to a historical high Dec 2017 (about $20 000). However, the technology market is always evolving with great speed, and the cryptocurrency market even faster.
Arrived quickly come and as quickly go, but the market still lacks legislative provisions and worldwide recognition.
Here is the price chart of bitcoin in recent years:
As explained recently, the head of Fundstrat Global Advisors Thomas Lee, there is an important relationship between bitcoin and emerging markets.
These emerging markets are slowly but surely moving in the direction of bitcoin and cryptocurrency. Bitcoin, directly or indirectly, has attracted interest from investors, primarily from members of the millennial. Moreover, countries such as Argentina, Iran, and Turkey, where rising inflation, find digital assets particularly attractive.
According to the Coin.Dance, investing in bitcoin is rapidly growing in the following three countries.
Bitcoin has not yet reached the level where he is able to change the world, but growing cryptocurrency industry gradually indicates its presence in a market where investors, institutions and governments are trying to understand, learn and take appropriate steps. And what will happen next, time will tell.
According to the materials CoinGape