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USD and Euro are great assets to hold if you have the ability to access banking services that support them, which isn't universal. Are you questioning the data

• lottin 3y ago
  "The data" that you link to doesn't support your assertion that people in third world countries use bitcoin to protect themselves from hyperinflation. Also USD and Euro are NOT great assets to hold. People only hold cash because they need it for transactions purposes.
  • democracy 3y ago
    It is the best asset to hold if you local currency goes -5% every day. Easy to buy (officially and not), easy to liquidate, can be used as unofficial currency for trade
    • lottin 3y ago
      Not by any stretch of the imagination. A highly volatile asset isn't suitable for storing value reliably. This is because the chances of you having to liquidate your position at a loss are very high.
      • democracy 3y ago
        personal experience?
        • lottin 3y ago
          No, I have a background in finance.
          • democracy 3y ago
            Ok, and you are wrong
            • lottin 3y ago
              That's a very convincing argument.
• democracy 3y ago
  sometimes your "forex banking services" are dodgy people on the street - that's how late USSR functioned...