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?
This question has been asked a million times on the forum. Just search for older forum threads instead of spamming the forum.
1.Bitcoin doesn't help countries, since hyperinflation is a result of stupid monetary and fiscal policies conducted by the governments/central banks of those countries. The only way for those countries to get rid of hyperinflation is to impose smart and reasonable monetary policies.
Those countries are governed by corrupted and incompetent dictators. I can't see how they can overcome their problems.
2.Investing in Bitcoin helps the people to preserve their wealth., because BTC doesn't lose value in the long term. Only kids and teenagers are asking such questions. Are you under 18?