Historically, Bitcoin has had high short-run volatility but also strong longer-term appreciation trend. That means it's been a good store of value, but not one you want, ideally, to rely on in situations where you might want money on short notice with little control of timing.
(Whether it's reasonable to project that past behavior into the future is another discussion, of course.)
That still beats hyperinflation or the currency collapsing outright. Also, what other investment options do you have? I have no idea how easy or hard it is to buy Vanguard shares on short notice in Zimbabwe.
There hasn't been hyperinflation in Zimbabwe for years. The main currency is USD, with some parallel use of South African Rand, Botswana Pula and Zambian Kwatsha.
No it doesn't. It has been several years since that was true. Big jumps these days are 5-10%. The recent drop during the BCH pump and dump didn't even get to 25% in day. I would encourage you to consult charts, as most of those memes are out of date.
Zimbabwe has been in a hyperinflation downward spiral for almost two decades now[1].
If you hold your Zimbabwe Dollars overnight, they are only worth a fraction of what they were the day before. In hyper-inflationary periods, people would rather buy goods immediately than hold onto cash because the cash depreciates FAR faster than commodities.
No, I wasn't joking. I was asking sincerely, if you're reason for holding bitcoin is that you want to be able to buy goods next week without worrying about inflation, why not just buy the goods now and avoid the risk of owning bitcoin.
But if you spend all your money on goods and then you need something else in a week or two then what do you use to buy it? Sell/trade the goods you already purchased? I think it makes sense to hold on to some form of currency.
(Whether it's reasonable to project that past behavior into the future is another discussion, of course.)