By Bitcoin is already accepted as a replacement for fiat in many hyperinflation stricken nations. If you keep aside the value and focus on the utility, one can clearly visualise its use cases. These aren’t just fiction anymore but the new reality.
The truth about bitcoin (2019) is that, in reality, bitcoin is already changing lives for people in need of an economic “plan B”. In Venezuela, there are reports and anecdotes of BTC being used more widely by citizens after the collapse of the Bolivar due to hyperinflation. Above all, the idea that bitcoin is being used by people in dire economic situations is very impactful! The prevalence and obsession with news and price do not really matter, its purpose is already being fulfilled for real people, and that’s what matters! Onwards!
There are already examples of bitcoin being used as a safe haven by people in Venezuela:
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