Today’s Economy Parallels Weimar Germany’s Hyperinflation, But Now We Have Bitcoin

In the early 1920s, the value of the papiermark (the native currency of the Weimar Republic of Germany) lost almost all of its purchasing power, causing tremendous instability within Weimar for many years as society tried to wrestle with the fact that tomorrow’s money was worth less than it was today. Day after day, the currency was worth less and less, ultimately becoming a worthless piece of paper.

Source: Bitcoin Magazine

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...