1 BTC is worth over 350 million LBP in Lebanon. 👀
Discussion
An absolute shitcoin, dear lord
Wait til they figure out that USD is no different in long term value proposition.
Everything is going to 0 in Bitcoin denominated terms
I just hope that God and Satoshi may protect the people of Lebanon, what a freaking circus omfg
It is very sad story.
Hope they will get out of it eventually.
😳⚡️
Since the beginning of February Lebanon government devalueted their currency by 90%.
Everybody that still had LBP not changed into more valuable money just lost 90% of their wealth.
There is limitation on USD withdrawals in majority of banks to 200USD per month.
Blackmarket rate LBP/USD skyrockets.
There is no state electricity network, even in the capitol city. Prices of basic goods skyrockets.
85% of people leaves below the poverty line.
As I said. It is a very sad story.
Every fiat currency goes to zero sooner or later