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Bitcoin Becomes the Preferred Savings Solution in Emerging Countries

Bitcoin Becomes the Preferred Savings Solution in Emerging Countries

Bitcoin is already a Plan A for millions of people.

In the United States, Canada, or Europe, Bitcoin is mainly seen as a financial investment with high potential. In Western countries, many people are still struggling to grasp the importance that Bitcoin will have for the world of the future.

In 2020, if you want to understand how important Bitcoin will be for the future, you have to go to emerging countries or countries under authoritarian regimes.

You will notice that many of the emerging countries are in this situation unfortunately for their inhabitants.

Bitcoin is already essential in countries where hyperinflation is raging

In these countries, hyperinflation often rages. The example of Venezuela comes immediately to mind when we talk about hyperinflation. In the space of a little more than two years, the price of a cup of coffee has increased exponentially to over 2 million Bolivars.

Faced with a local currency that is worth absolutely nothing, the inhabitants had to organize themselves. For them, Bitcoin represents an incredible opportunity. Those who chose to trust Bitcoin before others were able to preserve their wealth.

A wealth that continues to grow over time. Because this is an incredible advantage of Bitcoin for people in emerging countries. The Bitcoin price has been rising steadily since its creation. Bitcoin is a savings technology that allows them to see the future with hope.

Another fundamental advantage of Bitcoin is that it is politically neutral. Bitcoin belongs to all its users.

By exchanging their wealth from their local currency into Bitcoin, they can abstract themselves from the bad decisions made by corrupt leaders who only seek personal profit.

Bitcoin is gradually becoming the preferred savings solution in emerging countries

As long as you own the private keys associated with your Bitcoins, no on...

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