This analysis dates from December 2017. In the light of the recent downfalls of the Bitcoin one would need to read this blog with this in mind.
Fiat money has no intrinsic value – it is not backed up by the equal value of a commodity, but is made legal tender due to government decree. Bitcoin is a virtual cryptocurrency and worldwide payment system.
As may be observed, the Bitcoin has a significantly less rugged, more stable and high rating than the other currencies. At the time of writing (December 10-th, 2017), the RtS ratings are as follows:
Bitcoin – 99.3% (five stars)
Pound – 78.8% (three stars)
Yen – 87.7% (four stars)
Euro – 87.4% (four stars)
The RtS rating of the pound is the result of the recent Brexit negotiations. In terms of RtS rating distribution, the following plots indicate how of the three fiat currencies the Yen has the highest most likely value of approximately 94% (four stars), while the Pound and Euro rating is around 89% and 87% (three star) respectively. The most likely RtS rating of the Bitcoin is 99% (five stars). The plots illustrating the distributions are shown below