MSNBC Live on Monday highlighted the $1.7 trillion dollar cost of deflation in the U.S. by 2020.
The network also brought up the recent collapse of bitcoin, the digital currency that has been gaining traction as a way to buy and sell goods and services online.
“It’s the biggest collapse of a currency in history,” host Steve Kroft said on “Mashable Live Nation” on Monday.
“The dollar was the world’s reserve currency, but it’s now the worlds most worthless currency.”
The report came just one day after CNBC announced it would no longer feature bitcoin and instead be covering topics that are “in the news” on CNBC.
The bitcoin price has dropped more than 20% since the start of the year, hitting a low of $1,200 on Tuesday.
The currency has been trading at $1.,500 and has remained relatively stable during the global financial crisis.
Bitcoin has gained popularity since its inception in 2009 and the currency has become an important way to transact online and through the purchase of goods and commodities.
The digital currency has gained a lot of popularity as people increasingly use it to buy things like bitcoin, which has been on a rapid rise in recent years.