The US Dollar Has Lost 97% of Its Value Since 1913: Is Bitcoin the Way Out?
Since the Federal Reserve was created in 1913, the US dollar has lost about 97% of its purchasing power, according to the Bureau of Labor Statistics CPI-U.
A 1913 dollar buys roughly 3 cents' worth of today's goods, meaning $1 back then is worth about $33 to $34 in 2026.
What 113 Years of Inflation Actually Looks Like
That figure is not a slogan. It reflects the official price index compounded over 113 years, through two world wars, the Great Inflation of the 1970s, and the 2021-23 spike. The 1971 end of gold convertibility accelerated the dollar's stretch, and cash left idle was quietly taxed by inflation the entire time.
"Check out the biggest, kosher ponzy scam in recent history. The US dollar has lost 97% of its purchasing power since the Federal Reserve was created in 1913. A $3 item in 1913 would cost $100 today," one user said on X.
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Bitcoin was designed in response to that system: a 21 million-coin cap paired with a declining issuance schedule. It did not exist in 1913, so the comparison is not one-for-one. As a store of value, though, its record since 2009 has been extreme in both directions.
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