The average life expectancy of a fiat currency is 27 years. This is an important feature that separates fiat from cryptocurrencies, as the situation is the exact opposite. For instance, BTC, the first major cryptocurrency to be created has lived for over 10 years now. This represents about 40% of the life expectancy of an average fiat.
However, instead of BTC to have lost 40% of its value in line with the projection, it has gained nearly 6000% since its launch. The cryptocurrency rose from nothing to a current value of $8,000 which is in sharp contrast to the fiat situation in which value is being lost as the years pass by.
Because of its appreciating value, Bitcoin has always been compared to gold as a store of value rather than just a means of payment. This has also generated an argument between BTC enthusiasts and Gold bugs. The argument became more heated at the start of the U.S-China trade war when money started flowing into the Bitcoin market due to fear of a crashing Yuan.
It is only a matter of time before it becomes clear which of Bitcoin or fiat currency wins. Meanwhile, BTC is expected to appreciate significantly in the next few months, especially following the halving by May next year which will cut its mining by half. Will fiat be able to keep up?