A bitcoin supporter Pierre Rochard has said that the US Dollar has become completely unusable as a savings technology.

Pierre Rochard has made this statement about the US dollar on twitter account and also says that everyone should immediately invest or consume their currencies.

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He has made such a statement about the US dollar because he believes that nowadays fiat currencies have almost lost their value.

Bitcoin Community agrees with this statement

This statement of Pierre Rochard has brought out awareness in the bitcoin community for the support of cryptocurrency. And the bitcoin community has agreed with this statement. The reason behind this is that most people are disappointed with the fiat currencies.

Replying to Rochard, Joey said that it is even better to accept your wage in consumption tokens and everything else is unsavory and illegal.

Another bitcoin supporter, BitcoinTina has also commented on this statement and said that if you do not put your money to work then it will become worthless with the passage of time.

US Dollar has lost much of its value due to inflation

It is a bitter reality that over the last hundred years the US dollar has lost much of its value and its value continues to decrease day by day.

This can be seen in the chart which represents the loss in the purchasing power of USD during the last 100 years.

Source: howmuch

The main reason for the loss of USD value is inflation. According to the United States Federal Reserve, the country prints almost 20 trillion USD each year. About this, Cameron Winklevoss recently said that there are then almost 20 trillion reasons to buy bitcoins.

Bitcoin and other cryptocurrencies have deflationary nature. So it is hoped that bitcoin may serve as a hedge in the face of the future global recession.


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