The trend of global currency depreciation has attracted widespread attention over the past decade. During this period, relatively few countries have depreciated against the US dollar, while most G20 economies have experienced currency depreciation challenges. At the same time, Bitcoin has emerged in this process and achieved remarkable growth.
1. Countries with currency depreciation relative to the US dollar: In the past decade, only China, Singapore and Switzerland have experienced relatively low currency depreciation relative to the US dollar. Some countries such as Mexico, Turkey, Russia, Argentina and South Africa have suffered greater currency depreciation pressure.
2. Fluctuation of the US dollar index: Since before the 2008 financial crisis, the US dollar has experienced a period of relative depreciation, and then entered a round of substantial rise. During this process, the US dollar index has experienced three major increases, which has had a significant impact on the global economy.
3. The dollar harvest theory and China: Given the huge depreciation of some countriesâ currencies, China has become almost the only âtarget for acquisition.â This view has triggered a re-examination of the global monetary system.
4. The rise of Bitcoin: Bitcoin has experienced amazing growth over the past decade, with a 21,369% increase relative to the U.S. dollar. Bitcoinâs performance has sparked interest in traditional currencies as well as digital currencies, which could become a hedge currency and a means of storing value.
Overall, the trend of global currency debasement has triggered a variety of changes and challenges over the past decade. At the same time, the emergence of Bitcoin suggests that digital currencies may play an increasingly important role in the future global financial landscape. This process will continue to be closely watched as people seek ways to preserve and increase value in a changing economic environment.
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