Why do you believe the US dollar has lost ninety-nine percent of its value over the past century?
Replied byMichael Saylor
Founder & Chairman at MicroStrategy
Niche: Cryptocurrency
Revenue: Approx. 40 Million USD/month
Location: Tysons Corner, Virginia, United States
Started: 1989
A century ago, an acre of waterfront land in Miami Beach cost ten thousand USD. Today, that same acre costs ten million USD. The land did not change, but the currency lost about seven percent of its value annually, resulting in a thousand-fold debasement of the dollar.
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