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It may not be a get rich quick scheme, but it's certainly helpful in countries with oppressive inflation, in spite of its 80%+ crashes. Venezuela's inflation r
by danuker 4y ago
It may not be a get rich quick scheme, but it's certainly helpful in countries with oppressive inflation, in spite of its 80%+ crashes.
Venezuela's inflation rate was 1,700,000% in 2018.
- landoftheice 4y ago
- aetherane 4y agoIt seems equally helpful as USD then.
- RestlessMind 4y agoUSD transfers are cumbersome. Bitcoin can be sent to someone with an internet connection. My colleague sends bitcoins to his family living in an OPPRESSED_REGIME with currency controls and high inflation, where the government artifically lowers the official exchange rate of USD.