[Analysis] How fiat could fall and Bitcoin could soar - Taylor Pearson

The lessons of 20th-century fiat favor Bitcoin's ($BTC) adoption in the long run, according to Taylor Pearson. In the late 1990s/early 2000s, Argentina's peso lost its 1:1 peg with the U.S.D., quickly devaluing 75%. Generational wealth was simply stolen and people watched as their retirement accounts dwindled in the face of brutal inflation. Over the last century, 56 cases of hyperinflation have occurred with all other fiat currencies losing substantial value. The oldest, the British pound sterling, is worth 0.5% of the original 12 ounces of silver it was pegged at in 1694. To Pearson, the problem comes down to misaligned incentives: if it was not expedient for governments they would not print away the value of a currency.