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"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
by 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 agoIt 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 agoNot 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.