This is an opinion editorial by Ben Caselin, chief strategy officer for cryptocurrency exchange MaskEx.
As we navigate the uncharted waters of the digital revolution, bitcoin is increasingly finding their footing in economies grappling with currency crises. Countries such as Turkey, Lebanon, Nigeria and Argentina are already seeing bitcoin reach, or start to approximate, new all-time price highs, signaling a shift in wealth preservation and financial sovereignty. The thrust behind this trend is multifold, encompassing inflationary pressures, the global dominance of the U.S. dollar and the unique attributes of bitcoin.
A quick Google search for bitcoin against so-called “weaker” currencies in emerging markets, over a five-year time horizon, paints a clear picture.
Source: Google
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I have shared these observations before in a Twitter thread and discussions on Elon Musk’s platform have been lively on the subject. Some folks un
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