On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: The Reichsbank, the German central bank, stopped monetizing government debt, and a new ...

Bitcoin Can Hit $50K in 2020 ‘Very Easily’ — Nexo CEO Tells Bloomberg Bitcoin is making the U.S. dollar look like the German papiermark of the 1920s, says Antoni Trenchev as BTC/USD hits $7,300.

There are some notoriously known devalued currencies such as the German Papiermark or the Zimbabwean Dollar. In a short period of time, their prices fell almost to zero.

It was a period known as the Papiermark when the Reichsmark was printed in huge quantities and had denominations of up to one hundred billion marks, which were devoid of any real value.

Schiff has claimed that the Bitcoin price could go up to $10 million if the US dollar crashes and meets the same fate as the German Papiermark while the country was reeling under hyperinflation in ...