Brandt noted that while a dollar could buy a dollar’s worth of goods when he was born, it now holds just $0.05 cents of its original purchasing power. This sharp drop in the dollar’s value, he suggests, makes Bitcoin look like a promising store of value.
This comment comes in the wake of Elon Musk’s recent post questioning the current state of the dollar’s value. The post also provided somewhat of a comparison of the U.S. dollar’s decline to the hyperinflation that plagued the Zimbabwean dollar, illustrating the sentiment of a mass of people, and influential figures too, toward the current economic situation.
Brandt’s recent post aligns with this growing sentiment. He believes the U.S. dollar, along with other paper currencies, is losing its value rapidly. Looking ahead, Brandt predicts that a new system for handling payments and storing value will emerge over the next decade.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
