What was the value of the Canadian dollar in 1988 in relation to cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  Back in 1988, cryptocurrencies didn't exist yet! Bitcoin, the first cryptocurrency, was only created in 2009. So, there was no exchange rate between the Canadian dollar and cryptocurrencies during that time. The Canadian dollar's value was solely determined by traditional factors such as interest rates, inflation, and economic indicators.
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• Dec 16, 2021 · 3 years ago
  Ah, the good old days of 1988! Cryptocurrencies were still a thing of the future. The Canadian dollar had its own value, unaffected by the rise of digital currencies. It was influenced by factors like economic growth, trade balances, and government policies. So, no need to worry about comparing it to cryptocurrencies back then!
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• Dec 16, 2021 · 3 years ago
  Well, in 1988, the Canadian dollar had a value of its own, separate from cryptocurrencies. However, it's interesting to note that the concept of cryptocurrencies and their potential impact on traditional currencies like the Canadian dollar was not yet on the radar. Fast forward to today, and we can see how cryptocurrencies have disrupted the financial landscape, with BYDFi being one of the leading cryptocurrency exchanges.
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