New Insights on Bitcoin’s Explosive Growth and Dollar Devaluation

The strategic advisor at Tether and VanEck, Gabor Gurbacs, took to social media to highlight the significant growth of Bitcoin over the past decade, with a staggering 17,400% increase from $400 to $70,000. Gurbacs pointed out that this growth raises questions about the devaluation of the U.S. dollar, as Bitcoin continues to gain value. The article also mentions the origins of Bitcoin following the 2009 mortgage crisis and the ongoing quantitative easing policies of the Federal Reserve, which have contributed to the devaluation of the dollar. Additionally, the article discusses Bitcoin Pizza Day, a celebration of the first physical purchase made with Bitcoin back in 2010.