Infographic: Evolution of Crypto (Fiat vs Bitcoin)
I found this infographic of fiat vs bitcoin.. The creator of the infographic dubbed it: inflation vs deflation. And there is truth to the picture, although it was intended to be funny.
source: Crypto Buy Signals
As you save fiat currency in banks, the purchasing power of that currency inflates as time passes.
Fiat is tied to US$
Let's face it, almost everything is tied to the US$. My local currency which is the Philippine Peso (PHP) is no exception. There was a time when the US$ 1 = PHP 23.. Nowadays it is averaging PHP 50.
The purchasing power my currency is as seen on the infographic above. As time goes, only pieces of the original shopping basket can be bought.
So the infographic is a sad but true fact.
Cryptocurrency tied to BTC
I really don't mind that crypto is tied to the BTC. It is pretty much like the US$ of crypto. So far no crypto is close to freeing itself from bitcoin.
The early adopters of bitcoin are now millionaires, even billionaires. Again, the infographic is a fit. But it is not yet too late for everyone to jump in.
So, what is your bitcoin experience so far? What things have you bought with your bitcoins?
If you like this post, you know what to do.
Support:
- Bitcoin (BTC) - 3Kyjg1Wj1PNGN3KhiRprxYvvQpdjC5kT3k
- Etherium (ETH) - 0x5F168F895C63ccC5FbEf921047bc2b63f6780c3F
- SmartCash - SbgqBUuGBVaaFERmc5zPn8XStxXe7vE1SL
With BTC price predictions to $4300 USD lvls it doesn‘t look good for your mall in 2020... 😂
LoL.. i don't own anything close to 1BTC so having a mall is eons away. i consider myself a latecomer to the cryptoworld.
owned ~0.5BTC way back and didn't consider it anything of value.. looking back, that was a huge mistake!
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Good funny photo .
Now everyone know bitcoin is the future coin. But it is not easy to collect bitcoin now, because it is soooo much expensive 😓
You don‘t need to buy a whole bitcoin you can still invest small amounts. Percentage vise you will have the same profit.
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