The Bitcoin price in US dollars has begun exhibiting a trend which closely mimics the price history of Germany’s Papiermark during hyperinflation. Against Fiat, Bitcoin Follows Gold’s Price Trajectory A summary chart uploaded to social media by the cryptocurrency analysis account planB compares BTC/USD over the past eight years with the Papiermark’s value versus the previous gold mark. Germany abandoned the gold mark in 1914, shifting to the Papiermark, which subsequently became a symbol ofRead MoreThe post US Dollar Mirrors 1920s Weimar Republic Hyperinflation Against Bitcoin appeared first on Bitcoinist.com.
