Lyn Alden shared this chart from "Broken Money" in her latest macroeconomic report.
📉 230 years of data showing the purchasing power of the US dollar and its collapse.
Early stability: From 1792 to the early 20th century, the value remained relatively stable, ranging between $100 and $200.
Acceleration after 1913: After the creation of the Federal Reserve in 1913, the Gold Reserve Act, and the Nixon Crisis... the amount of money needed to match the value of $100 in 1792 increased significantly.
Modern value: By 2023, the amount required reached about $3,500 to achieve the same purchasing power that $100 had in 1792.
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🚨 We've gone through five decades of devaluation
Lyn Alden shared this chart from "Broken Money" in her latest macroeconomic report.
📉 230 years of data showing the purchasing power of the US dollar and its collapse.
Early stability: From 1792 to the early 20th century, the value remained relatively stable, ranging between $100 and $200.
Acceleration after 1913: After the creation of the Federal Reserve in 1913, the Gold Reserve Act, and the Nixon Crisis... the amount of money needed to match the value of $100 in 1792 increased significantly.
Modern value: By 2023, the amount required reached about $3,500 to achieve the same purchasing power that $100 had in 1792.
Politicians won't fix this situation. #بيتكوين will fix it!
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