Since its inception, Bitcoin has attracted a growing number of investors who see the flagship digital currency as a hedge against inflation.
As of Tuesday, February 15, 2022, the United States Dollar (USD) has lost up to 97.58% of its buying power relative to Bitcoin in the last five years. Thus, when comparing the value of one dollar to Bitcoin, 1 USD is now worth just 0.000023 BTC.
Purchases of satoshis show that the US dollar’s value has fallen as a consequence of the government’s continuous money printing.
Particularly, the function of Bitcoin as a viable alternative to the dollar has been put to the test, but the fact remains that inflation has already reduced the value of the United States dollar by 85% over the last 50 years.