Crypto News

The age of bitcoin is closer to half the average life of Fiat currency

Age the largest virtual coins is approaching 11 years – about 40% of the average period of existence of Fiat currency. This drew the attention of the analyst Willie Woo.

He tweeted that on average, one Fitna currency is on the market for about 27 years. 11 years bitcoin will be in January 2020. Around the same time, the Euro will turn 21.

According to some experts, that the Euro can be considered the prototype of the BTC, as the currency for the first time in history created as a cross-border payment instrument. The success of the Euro has largely created the preconditions for the emergence of other means of payment used in international operations.

The history of the development of bitcoin can be compared with a German brand that existed in the period from 1948 to 1999, after which it was replaced by the Euro.

Unlike Fiat currency, bitcoin is a more reliable asset, as it has a limited amount of supplies.

The miners will have to get only 3 million of the 21 million coins. In the near future the scarcity of bitcoin will be very sharp. The demand for money will increase, which will further increase its value, experts say.

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