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What happened to the countries that hyperinflated? We're they able to get it under control historically?

• xiphias2 5y ago
  Quite often people fled with gold to other places, as the countries confiscated gold from people. US was trusted to hold gold in the world wars, but of course Nixon renegged on the gold standard. Right now people are starting to hold Bitcoin, and it's much harder to take away from them (flying out with a billion dollars of Bitcoin is trivial, as metal detectors won't catch you), so I'm optimistic that the transition will be more peaceful. Also Bitcoin adoption in US is highe than in other countries.
  • throwaway9952 5y ago
    As inflation continues to grow, Bitcoin is down close to 40% from its highs. I'm not saying you're flat out wrong about potential benefits to holding Bitcoin but a lot of recent value has been washed out from people selling, not buying it.
    • xiphias2 5y ago
      Professional investors who look at the sharpe ratio (return compared to standard deviation), can see that its performance is far better than any other asset in the world. Generally in modern portfolio theory you can just decrease the asset in the portfolio if the volatility is too big for you (for example to just 2% of the portfolio). I'm 100% in, but for other people I generally suggest it to be 5% of their portfolio.