Quote from: Cryptmuster on Today at 08:07:08 AM

Quote from: Distinctin on March 27, 2025, 10:41:10 PM

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?

Inflation primarily affects the population and I think most of all the poorest, because with rising prices the most necessary things become unattainable for them. Bitcoin can be a helper for those who have savings and want to save them, they can keep their savings in Bitcoin, gold or even in currencies less susceptible to inflation like the US dollar for example. But for the poorest Bitcoin is unlikely to help anything, if they spend everything they earn and do not have the opportunity to save, then they will have nothing to buy Bitcoin for.

Agreed. Inflation hits the poor the hardest, and these people probably won't be able to invest much in BTC before profiting from it. So it's about.. Perseverance, per chance? To go out of your way and to see the day your life will be better from the rest.