The Big Gunt on Nostr: What is the role of Bitcoin in countries experiencing hyperinflation or economic ...
What is the role of Bitcoin in countries experiencing hyperinflation or economic instability? Is it a viable solution or merely a short-term hedge?
My humble opinion is that BTC has to be looked at right now (2030 timeline) as a pure SOV.
In rare cases it can become a MOE
Reason I say that is because majority of people are not gonna have a large amount of sats and moving it on-chain in high fee environments - can become a hinderance..
So we need to build and have non custodial lightning wallets and exchanges that allow withdrawal to them (Binance I think has that option)
Short tern hedge at a 2 trillion dollar asset - when its 45-50 trillion USD valued asset it could be a short term hedge..
#bitcoin
My humble opinion is that BTC has to be looked at right now (2030 timeline) as a pure SOV.
In rare cases it can become a MOE
Reason I say that is because majority of people are not gonna have a large amount of sats and moving it on-chain in high fee environments - can become a hinderance..
So we need to build and have non custodial lightning wallets and exchanges that allow withdrawal to them (Binance I think has that option)
Short tern hedge at a 2 trillion dollar asset - when its 45-50 trillion USD valued asset it could be a short term hedge..
#bitcoin