I just want to gauge everyone's knowledge here (please don’t do too much research).
I would like to hear your thoughts based on your existing knowledge and intuition.
How do you think Bitcoin can help countries experiencing hyperinflation such as Venezuela, Zimbabwe, and more recently, Sudan and Lebanon?
We (bitcoin enthusiast) often preach that investing in Bitcoin is a hedge against inflation.
If inflation is the main problem in these countries, how do you think Bitcoin could help solve their economic crisis?
I've been thinking a lot about how bitcoin can really help people in place where hyperinflation is just crushing their local currency. It's been amazing to see how it acts like a safe haven for their money, something they can actually rely on when everything else is falling apart. I'm honestly so amazed by how bitcoin being decentralized keeps the government out of it, it just feels so freeing letting people send money across borders without all the usual headaches. But I've noticed it's not always a walk in the park, bad internet in some place, the price swinging like crazy, and some governments trying to shut it down can really make it hard for people to get on board. Even so, I truly believe it's a lifesaver for people who are just trying to hold into their money's value and keep thier heads above water in tough times.