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Bitcoin versus G20 fiat money
Bitcoin has outperformed all fiat money since 2021:
- +2,624% vs Argentine peso
- +1,035% vs Turkish lira
- +257% vs Japanese yen
- +185% vs South African rand
- +178% vs Euro
- +177% vs U.S. Dollar
- +176% vs Indian rupee
- +168% vs Chinese yuan
- +158% vs British pound
- +157% vs Brazilian real
Emerging markets such as Argentina and Turkey struggle with exorbitant fiat money inflation. When faith in local currencies fails, citizens are often compelled to alternative stores of value such as gold, bitcoin, or U.S. dollars. In March 2024 for example, Bloomberg headlined how:
“Bitcoin Is Trumping Dollars for Many Inflation-Weary Argentines”
BTC sets itself apart from its fiat predecessor with a key innovation: a fixed monetary supply. Even compared to the relatively stable U.S. dollar, Bitcoin’s supply is extraordinarily predictable.
