1st World Countries sometimes don't understand Why Bitcoin, this is why...
If your currency loses roughly 2% of it's purchasing power every year, not ideal, but no the end of the world.
But, what if you currency loses 90% of its value in a relative short period of time?
Now you have a crisis...
That's exactly what has been happening in places like Venezuela, Argentina, Lebanon, as well as several others...
(Source: https://twitter.com/michael_saylor/status/1404120037011689479)
But he, devaluing your money by 90% is a great way to get people to spend it!
The velocity of money will be absurd with that kind of devaluation!
Wow!!! Thanks for sharing
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Devaluation of money is such a term that general people understand little. So they save their money in bank with a little profit after year. But if we consider the devaluation of money then money savings in a bank is a loss project.
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