joeleao073 on Nostr: People will think, “Sure, but my (insert any fiat currency) is safe.” To which I ...

People will think, “Sure, but my (insert any fiat currency) is safe.” To which I say: maybe, for now. But any fiat currency may be, and historically has been, subject to similar mechanisms of monetary debasement as the Iranian rial. Something to think about.

quoting
nevent1q…nlqh

Bitcoin is up 2,653% in Iranian Rials because the currency is collapsing.

Iranians who held bitcoin preserved their wealth.

Iranians who trusted their currency lost 96%.

Everyone deserves money their government can't destroy.