0 sats \ 1 reply \ @franzap 27 Apr 2023 \ on: 'Zero capacity to save': Argentines buckle as inflation tops 104% bitcoin
Sadly, Bitcoin is not the first solution people think of when suffering from inflation (at least here in Argentina): it's the US dollar.
People are obsessed with it because it's a clear winner compared to the peso, and that makes total sense.
Volatility is a tragedy for Bitcoin.
It is absolutely NOT a clear winner – unless you have the mindset or financial means to wait it out for 4 years. So it is a hard sell to the vast majority of people.
Sad but true. Bitcoin is still young and its superior store of value property is still not apparent to many many many people. Bitcoin needs to establish itself in the minds of many more people as a better store of value before it will be chosen by the masses as a save haven asset. For the time being, majority of people will always flock to USD whenever there is a crisis.
This tells us that we are still early and there is much more orange pilling to do.
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