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Replying to Avatar TheBitcoinManual

According to CoinDesk Indices Research, FactSet the most rekt fiat currencies against Bitcoin over the last 5 years are:

1. ๐Ÿ‡ฆ๐Ÿ‡ท Argentine Peso

2. ๐Ÿ‡น๐Ÿ‡ทTurkish Lira

3. ๐Ÿ‡ท๐Ÿ‡บRussian Ruble

4. ๐Ÿ‡บ๐Ÿ‡ฆ Ukrainian Hryvnia

5. ๐Ÿ‡จ๐Ÿ‡ด Colombian Peso

6. ๐Ÿ‡ฏ๐Ÿ‡ต Japanse Yen

7. ๐Ÿ‡ฟ๐Ÿ‡ฆ South African Rand

8 ๐Ÿ‡จ๐Ÿ‡ฑ Chilean Peso

9. ๐Ÿ‡ง๐Ÿ‡ท Brazilian Real

10. ๐Ÿ‡ญ๐Ÿ‡บ Hungarian Forint

If you're in any of these 10 countries, you are at the forefront of hyperbitcoinisation like it or not, you can run from it, deny it, but Bitcoin is eating your currencies lunch

https://void.cat/d/YXt8s443MSwq2qALHAT2TS.webp

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https://www.coindesk.com/coindesk-indices/2023/08/23/bitcoin-dreams-are-coming-true-in-argentina-and-turkey/

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Manbyt 2y ago ๐Ÿ’ฌ 2

Seems like theyโ€™re missing a few on there, off the top of my head Zimbabwe and Lebanon should be on there.

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TheBitcoinManual 2y ago

No its correct this is a 5 year compounding chart, if you look at the lebanese pound it had one major devaluation, while massive it was pretty stable for many years, as for Zimbabwe, they only reintroduced their Zim Dollar in 2019, so it hasn't been 5 years while also devaluing majorly thats likely why they were excluded

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Manbyt 2y ago

Thanks for the clarification.

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