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?
Bitcoin is hedge against inflation, this statement is valid when compared to fiat, because fiat is inflationary while BTC is deflationary, due to unlimited supply of money and limited supply of coin respectively. Therefore we can't just replace BTC with fiat in these countries and expect that the inflation will be gone due to the deflationary nature of the coin.
So the point is, these countries can buy BTC when it will be lower and hold it until they starts to gain some profit, and those profit will increase there economy and somehow they might use those profits for more development projects which will increase employement and inflation can be dealt but with only profit doing it is not possible, so Directly or indirectly BTC alone can't solve the inflationary problem of any country or maybe of some (if it is a small one).