Bitcoin Defies Odds with 260% Growth Amid USD's Inflation Slide
March 12, 2024Bitcoin has shown a predominantly upward growth trajectory, with only four annual price declines in its 14-year history.
BTC reached an all-time high of $72,000, marking an increase of over 260% on an annual basis.
Bitcoin's growth years outnumber the years of decline, with recorded drops only in 2015, 2019, 2022, and 2023 since it began trading.
The USD has seen consistent annual inflation, resulting in a gradual loss of purchasing power due to economic policies and global factors.
Bitcoin's rise is attributed to increasing acceptance and speculative interest, amidst discussions about its effectiveness as an inflation hedge.
The comparison between Bitcoin's appreciation and the USD's inflation emphasizes the distinct nature of decentralized cryptocurrencies versus traditional fiat currencies.
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crypto.news • Mar 11, 2024
Bitcoin has outpaced USD nearly every year since its inception