Fiat Currencies Last a Median 33 Years, BIS Data Shows, Catching the Attention of Bitcoin Fans
Key Highlights: Bank for International Settlements (BIS) research found roughly 70% of tracked fiat currencies have been discontinued, typically due to economic causes. Despite crypto advocates using this data to bolster Bitcoin’s fixed-supply thesis, the BIS explicitly declared that Bitcoin rejects the social compact that money embodies. The BIS maintains that functional money requires credit ...
