Bitcoin alongside other cryptocurrencies has aided the economic development of many countries. Bitcoin is typically used for online transaction and businesses in third world countries despite widespread poverty, this is because people can easily connect to the internet and participate in the crypto economy in many developing countries such as India and continent like Africa have high cryptocurrency adaptation rate. After purchasing bitcoin through platforms accessible to their countries, bitcoin holders in third world countries can trade Bitcoin for profits or hold onto their tokens as an investment. Inflation which is characterised by devaluation of currency alongside increasing price of goods and services, this has made people to turn to cryptocurrency like bitcoin an asset that maintain its value over time to hedge against inflation.
For sure inflation is already a big problem all over the globe and we can see even powerful countries are experiencing problems with inflation, I guess it is obviously a problem by the government since they are just the ones who print money, even here in my country it is a big issue and I can clearly notice how the basic things increase its price and a certain amount of money can only buy a few things unlike back in the day where the value of our currency was still good, probably a 500pesos is still a big amount of money, but today it wasn't enough for 1 day on your whole family or for sure 1-week food.
One of the things that you could do is to invest your money not just save it since if we are just going to put our money in the banks it is surely going to get hit by inflation and over time the value is just going to decrease over time, Putting our money to something like Bitcoin, cryptocurrency or gold could surely counter the inflation, for sure there are some exception on Bitcoin since by its nature it only has 21 million supply overtime we could easily expect the market price to increase its value theoretically, that's what we all believed but still it's a risky invest since it wasn't guaranteed that it's going to happen and we dont know it is possible that the price could reach zero at some point.
In my opinion, the trick is just to save enough, if you save a good amount of money invest it in assets so that you can avoid and counter inflation. Just save enough probably some savings like emergency, and do retirement, insurance, etc.