Despite going through one of the worst inflations of all time, the US Dollar (USD) has outperformed 115 global fiat currencies in the last 10 years in the forex market but got massively outperformed by Bitcoin (BTC).

Notably, 33 out of the 115 currencies have lost over half (50%) of their value against “King Dollar”, in the words of Charlie Bilello, the Chief Market Strategist at Creative Planning who shared this data on September 28, collated from one day before.

Among the five worst performers, which lost over 92% of their purchasing power related to the USD, two of them belong to the G20 countries. The Argentine Peso (ARS) lost 98.3% against the dollar, while the Turkish Lira (TRY) lost 92.6%.

The Venezuelan Bolívar (VEF) lost 99.9998%. While both the Sudanese Pound (SDG) and the Syrian Pound (SYP) were also just 100bps of losing it all, with -99.3% and -99.1% 10-year price performance, respectively.

17 out of the G20 members have seen their legal tender currencies being outperformed by the United States. Among the losers, the Swiss Franc (CHF) was the least affected fiat, slightly losing 1.6% in the decade, followed by the Belizean Dollar (BZD) with 1.9% losses.

G20’s ‘King Dollar’ overthrown by Bitcoin

However, 10 years ago the supranational currency developed by pseudonymous Satoshi Nakamoto, Bitcoin, started to receive higher global interest, gathering enthusiasts and attracting investors that were akin to the vision expressed in Bitcoin’s whitepaper, and was passionately discussed on

The “King Dollar” was overthrown by the new ‘king’ currency in the world. Not constrained by borders, and backed by open-source code in a decentralized network, instead of by decree.

Interestingly, the US Dollar lost 99.51% of its value against Bitcoin from September 2013 to current prices on September 29, 2023.

Bitcoin versus Dollar: BTCUSD historical price chart.
BTCUSD historical price chart. Source: TradingView

These losses are even higher than what the second worst fiat currency performer got against the US Dollar, according to Bilello’s chart. Which intensifies all the purchasing power lost by most of the national fiat currencies in the world against the leading cryptocurrency: BTC.

The post US dollar outperforms G20 fiat currencies; What about Bitcoin? appeared first on Finbold.

You May Also Like

What’s going on with the Dollar vs. Egyptian pound (USD/EGP)?

In January 2023, the US dollar (USD) experienced a remarkable upswing against…

Ivision Market Under Scrutiny for Alleged Fake Regulatory Status 2023

Is Ivision Market regulated? its clear for us they are not regulated and a potential scam, read this new report and review.

Warning: Swapsco Market Traders Face Withdrawal Troubles – Possible Scam?

Swapsco Markets traders are having trouble withdrawing funds, raising concerns of a scam. Traders are upset and in financial limbo due to withdrawal delays, rejections, and inattentive customer assistance.

Almost $100 billion wiped from major military stocks capitalization in 2023

Against the backdrop of escalating international crises and intensifying rivalries that, in…