• Bitcoin, the digital currency that emerged just over a decade ago, has been gaining momentum and popularity as a potential game-changer in the financial world.
• Its superior purchasing power is challenging the dominance of the U.S. dollar as the world’s standard currency and prominent figures such as Robert Kiyosaki have recognized this shift.
• The purchasing power of Bitcoin has sky-rocketed from 33 in 2010 to 255 in 13 years, compared to a decline of U.S. dollar’s buying power from 300 to 33.2 points in the same context.
Bitcoin on its Way to Challenge Dollar
Bitcoin, the digital currency that emerged just over a decade ago, has been gaining momentum and popularity as a potential game-changer in the financial world with its superior purchasing power challenging the dominance of the U.S. dollar as the world’s standard currency.
U.S Dollar vs Bitcoin Purchasing Power
According to a recent macro comparison chart shared by finance analyst Seth, Bitcoin’s purchasing power has been skyrocketing since 2010 – climbing from 33 points in 2010 to 255 points today – whereas US dollar’s buying power has declined at an alarming rate from 300 points to 33.2 points.
Recognition From Financial Experts
Prominent figures such as Robert Kiyosaki, author of “Rich Dad Poor Dad,” have recognized this shift and expressed skepticism about the future of U.S fiat currency while advising his followers to invest in Bitcoin instead.
Implications Of This Shift
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