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It protects you against hyperinflation. It also protects the innocent from having their funds unfairly seized. It puts you in control of your money in a way tha
by Taek 10y ago
It protects you against hyperinflation. It also protects the innocent from having their funds unfairly seized. It puts you in control of your money in a way that no other asset can.
Bitcoin's biggest use case is as an emergency fund. People in Venezuela who bought at $1200 in 2013 were still doing comparatively well when the price was $200.
If oppressive capital controls crack down in a nation like Turkey, Bitcoin can protect you.
Bitcoin is excellent for protecting yourself during financial emergencies. High volatility is acceptable in these situations. Some money is better than no money at all.