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MARCH 2019

Bitcoin gets far ahead. Currencies leaders and outsiders. INFOGRAPHICS

Bitcoin gets far ahead. Currencies leaders and outsiders. INFOGRAPHICS

For the last four years in a row, bitcoin has been setting volatility records either reaching the top or moving downwards in comparison to other currencies. As of year-end 2016, bitcoin more than doubled in value.

Bitcoin gets far ahead. Currencies leaders and outsiders. INFOGRAPHICS (1)

The following chart shows annual currencies dynamics against the USD.

Bitcoin gets far ahead. Currencies leaders and outsiders. INFOGRAPHICS (2)

As for traditional currencies, Brazil’s real added almost 22% to its value setting its personal record within a period of 7 years. It is followed by the devalued Russian ruble. Over the course of 2016, it gained 17% due to Brent oil price recovery.

However, the currency of another country that is dependent on oil export, Nigeria, has become the outsider due to losing more than 1/3 of its value. The national currency of Venezuela faced similar problems. In reality, the bolivar devalued by 500% on the black market, but this is not reflected in official statistics.

Bitcoin gets far ahead. Currencies leaders and outsiders. INFOGRAPHICS (3)

In 2017, bitcoin passed the $1000 mark, getting ahead of all fiat currencies. This way, BTC has every chance to break into the undisputed leadership for the third year in a row.

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