The United States Mint in Philadelphia minted the last penny, valued at $0.01, marking the end of 232 years of penny production. US President Trump directed the Treasury to stop minting pennies, as each coin costs over $0.03 to manufacture. Despite being uneconomical, pennies will remain legal tender.

Bitcoin, with a supply cap of 21 million coins, offers a deflationary alternative to fiat currencies. Technological advancements reduce prices over time, unlike fiat currencies that constantly increase supply, leading to decreased purchasing power. BTC advocate Saifedean Ammous argues that goods, services, and assets would decrease in price if denominated in BTC.

The US dollar has lost over 92% of its value since 1913, while Bitcoin hit all-time highs above $126,000 in October. Market analysts note the dollar’s worst year since 1973, with a 40% loss in purchasing power since 2000. Economist Paul Krugman criticizes Bitcoin’s usability compared to the dollar, highlighting ease of use as a key dollar advantage.

Read more at Cointelegraph: Last Ever US Penny Minted on Wednesday: The Case for Bitcoin