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
ftcb21 / Satoshis Nephew
npub1r9…4twmh
2025-01-04 11:36:44
Author Public Key
npub1r9rkzmcv3qqw2lz8u8pkxd5djnvm40khzcehdryu9405spjhe2hs54twmhPublished at
2025-01-04 11:36:44Event JSON
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"content": "What is the role of Bitcoin in countries experiencing hyperinflation or economic instability? Is it a viable solution or merely a short-term hedge?\n\nMy humble opinion is that BTC has to be looked at right now (2030 timeline) as a pure SOV. \n\nIn rare cases it can become a MOE\n\nReason 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.. \n\nSo we need to build and have non custodial lightning wallets and exchanges that allow withdrawal to them (Binance I think has that option) \n\nShort tern hedge at a 2 trillion dollar asset - when its 45-50 trillion USD valued asset it could be a short term hedge..\n\n#bitcoin ",
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