Bitcoin Has Already Reached 40% of Average Fiat Currency Lifespan

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Bitcoin (BTC) may only be ten years old, but it is about to match half the lifespan of the average fiat currency while actually increasing in value.As Bitcoin statistician and commentator Willy Woo noted on Oct. 18, the largest cryptocurrency has been around 40% as long as the average government-issued currency.Bitcoin has already reached 40% of the life expectancy of the average fiat currency (27yrs). The most successful fiat currency has lost 99.5% of its value,” Woo summarized. The figures contrast with the ongoing declarations from critics that Bitcoin is weakening or will collapse altogether. According to monitoring resource 99 Bitcoins a total of 377 Bitcoin obituaries have surfaced since records began. Since launching, however, it has only gained value, with its publicly-verifiable scarcity ensuring demand.  Read more
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