> 23% are still in circulation approaching one of the other outcomes Begging the question a bit It's also been quite easy to predict which currencies are goin

> 23% are still in circulation approaching one of the other outcomes Begging the question a bit It's also been quite easy to predict which currencies are going to be in in that 23% and have stable value ("hard currencies") and which aren't. Traders and investors typically don't keep assets denominated in Egyptian Pounds or Colombian Pesos, they gravitate to Euros, US Dollars, Yen, and Pounds. > In other words, the most successful long standing currency in existence has lost 99.5% of its value.” The Pound Sterling hasn't been successful as an investment asset. That's a very different thing from being successful as a currency.