Bitcoin protects against bankruptcy, mainly when your entire nation goes bankrupt.

Getting in to bitcoin isn't the problem.
Getting out of your bank account is.

People in countries suffering from hyperinflation have learned this the hard way:

Zimbabwe
Venezuela
Turkey
Iran

https://twitter.com/alecziupsnys/status/1100065680454533120?s=21

The most of circulating assets on our business Current Account are blocked.
Over 700k of expropriated money will be used to repay country's debt. Probably we will get back about 20% of this amount in 6-7 years.

I'm not Russian oligarch, but just European medium size IT business. Thousands of other companies around Cyprus have the same situation.

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