We need to know that crypto doesn't perform any magic. If the country is poor, the government should help its citizens upgrade to a certain level where they can help themselves.
If you live in a poor country, how can you afford to buy crypto to help someone? Crypto isn't always the answer to everything. For some, spending a little on cheap coins might pay off, and they might have a big success story, but that’s not always the case.
Crypto doesn't end poverty, in fact, it can make you poorer if you don't know what you're doing. if you have the right knowledge and resources, it can help you make a lot of money.
The relevant topic here is:
"Can people from poor countries escape poverty using Bitcoin?"
If it is up to poor individuals to take action, Bitcoin won’t come to them on its own. There’s no easy path out of poverty—escaping requires proactive steps. Bitcoin doesn’t demand much; it can be approached like this:
1. Buy a fraction of Bitcoin.
2. Hold it for a while, potentially for a long time.
Then, when the price increases significantly, sell it. Since Bitcoin is not a stable coin, its price is always volatile. This volatility means you can return to buy more when the price is low for long-term investment.
While Bitcoin can serve as an alternative means of breaking free from poverty, those in challenging financial situations must accept risks and be willing to learn. Investing in Bitcoin can be complex for those who are not prepared to educate themselves.