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Furthermore, Bitcoin provides a low barrier to entry for individuals in developing nations. With minimal initial investment compared to purchasing real estate or investing in the stock market, more people can begin accumulating Bitcoin, thus allowing for greater financial inclusion.
The African Perspective
In particular, the context within Africa highlights why Bitcoin is seen as a superior option. Many regions suffer from hyperinflation and unstable local currencies, making it challenging to safeguard wealth. Rather than investing in local real estate, which may not hold its value over time, many individuals are gravitating towards Bitcoin, which offers a hedge against inflation and political instability.