If you'd bought a million dollars in Venezuela's local currency when President Nicolás Maduro came to power in 2013, it'd now be worth $3.40. datadrum.com
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If you bought it with Bitcoin in 2010, it would be worth 3.5 million percent less.
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Right . Mug question here. Please don't take this the wrong way.
Under hyperinflation, can some people be better off? I'm not talking about the elite who can make money buying repossessed houses on the cheap or anything like that, more 'normal' people with huge debts
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Some people were better off during hyperinflation in Yugoslavia, those who knew how to use it to their advantage: as you mention it mainly involves borrowing money even at a crappy rate if the contract contains nominal values.
Filing my car with gas 20 years ago $13 , today it’s over $50. For me the answer is as obvious as the Bitcoin in front of my face 😉
First rule of Bitcoin, always buy more 😎😎😎
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