🇺🇸 Purchasing power of $100 USD since the creation of the Federal Reserve:
1913: $100.00
1923: $84.00
1933: $60.00
1943: $43.00
1953: $32.00
1963: $25.00
1973: $18.00
1983: $12.00
1993: $8.00
2003: $6.00
2013: $4.35
2024: $3.00
Who wants to run the numbers of $100 in Bitcoin since 2013?
It's a fair start.. why?
It's the end of the first cycle and the first halving. A lot of people heard of BTC then, due to bank run in Cyprus
The government imposed strict capital controls, limiting withdrawals to 300 euros per day, which helped prevent a full-scale bank run.
The 2012-2013 Cypriot financial crisis was triggered by exposure to overleveraged local property companies and the Greek government-debt crisis, leading to a €10 billion international bailout.
As part of the bailout, the second-largest bank, Laiki Bank, was closed, and uninsured deposits in the Bank of Cyprus faced significant losses, up to 47.5% in some cases.
Speaking about the bank run... have you seen the newest work from Lucho Poletti?
https://video.nostr.build/cef4d9bc1584f2ba8d04b4f7f3d751bacdc790040df3f15f9e940bb7afe49acb.mp4