Lebanons poorly run banking system has cost hundreds of thousands of Lebanese their life savings, they trusted their banks, their currency, and what happened? They lost everything. Yet there were some that began mining bitcoin and other cryptos, converted them to USDT and purchased dollars in order to avoid total financial ruin. This is the case (though not as extreme) for over a Dozen nations worldwide. Their currencies value turn to dust, and BTC is the only thing of value they can trade in order to survive. Even countries like Panama, El Salvador, Zimbabwe, that use the dollar as there currency are not safe from when the fed prints money and their accounts drop by almost a half. For them, the dollar is less reliable than BTC. While BTCβs value may fluctuate, it canβt be altered or printed from thin air, or used to make or break the economy. And if any of these people manage to have BTC that they never sell, and increase that stockpile to any significance, they will be able to borrow or lend against it, and profit without ever parting with one satoshi. For the little guy, having a house is their only chance at having such collateral, and BTC can be just as viable.(if youβre smart) fools and their BTC are easily parted. Each bit of BTC will get, I treat it almost like real estate. And at THIS point in history even the regular consumer has a chance to make their families future with it.
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