Bitcoin for Generational Preservation

It is hard to believe that bitcoin can be a hedge against currency devaluations and inflation due to its volatility, but if you zoom out enough and ignore the short term noise, the story is quite different. I admit that I also did not believe that bitcoin could protect purchasing power over time, but I was convinced otherwise by looking at the unfortunate economic circumstances that countries like Argentina, Cuba, Nigeria, Egypt and Ukraine have faced. These countries have all experienced massive currency devaluations over time for various reasons and they have all had the same outcome on their populations: pushing more and more into poverty. This not only affects the current generation, but also further sets back the next generation in terms of their development. Continuing this train of thought, that means the these countries are then in a worse position to compete on the global scale and are doomed to be under the control of the developed world.

Take a look at the attached 5-year graphs that show how much bitcoin has appreciated relative to the following currencies:

Argentine Peso: +30,651%

Cuban Peso: +37,401%

Nigerian Naira: +6,309%

Egyptian Pound: +4,128%

Ukrainian Hryvnia: +2,137%

For reference, bitcoin priced in USD over 5 years has strengthened +1,457%

Said another way, this means that you need less and less bitcoin to acquire the same amount of that specific currency. As currencies get debased by their own central governments and external forces, bitcoin becomes more valuable in local terms. Bitcoin is a beacon of hope and a lifeboat for the populations of these countries that experience such high rates of devaluation over time; its one of the very few ways they can protect their purchasing power to ensure a better quality of life for the next generations. [This last sentence also applies to the developed world, over time]