|
|
|
|
|
by GaveDrohl
1627 days ago
|
|
In countries like Venzuela and Turkey and numerous others where skyrocketing inflation and the devaluation of the country's currency is an ongoing concern, bitcoin even in spite of it's volatility provides a safehaven. Some countries ban the US dollar, some don't offer access to banking/loans. Bitcoin, Ethereum and others help solve that. It also allows them to receive monetary assistance from relatives outside the country when such transfers otherwise are not allowed. I'm not an expert and may have a detail or two off, but for anyone willing to learn more, I'd recommend the podcast from Lex Friedman and Alex Gladstein for more eye opening details. |
|