The government of Bolivia just rugged everyone holding dollars in their bank accounts, and instead is telling people they will get the commensurate amount in the local currency, bolivianos - which is redeemable back to USD for 50% less.
This is why Latin America needs crypto.
They need just Bitcoin and USD stablecoins. The last what they need is rest of “crypto”
Bitcoin fixes this.
Not your keys, not your coins. 🤬
I read this and have the urge to max my credit card. I also live in a tin point dictatorship third world country 🇬🇧
"Mobilizing" the private savings.
Same playbook as usual, argentina did the same, Cyprus, Lebanon the rest
Na. Bitcoin helps but this is a root issue. They need guns and high t males.
