Dollar's 97% Purchasing Power Collapse Fuels Bitcoin Surge
Since the Federal Reserve's establishment in 1913, the US dollar has lost about 97% of its purchasing power due to inflation and major economic events. This decline has led to increased interest in Bitcoin as a potential alternative store of value, offering a capped supply and protection against currency debasement despite its volatility.
Bitcoin's price has surged over 59,000% since inception, with growing institutional adoption through US spot Bitcoin ETFs. The global crypto market cap rose to $2.72 trillion, led by gains in Solana, Ethereum, XRP, and BNB.