. No fiat currency has suffered such a crash. The worst performing fiat currency is the Ukrainian Hryvnia, which has seen its value dropping by 60%.
*ahem* Deutchmark under the Weimar republic. Venezuelan dollar in 2005. Zimbabwean dollar around the same time... I can come up with others. Where BTC did better, is that it did bounce back.
It may also be instructive to point out that the most successful fiat currency of all time -- the USD -- has lost 97% of its value since its inception.
Fiat is built to be inflationary. Over an aggregate time period it is designed to grow at 2-3% per year. So, sadly, it is working as intended.
Bitcoin can be reduced to decimals far past $0.01. So while I think Bitcoin is a very breakthrough and revolutionary means of payment, it does not mean I should be ignorant to the qualifications or achievements that 'paper' has almost magically accomplished.
Avoid putting on blinders. We have a better chance of making Bitcoin mainstream if we think before we speak.