Something similar is happening in my country. In the just the last 3 months, the dollar has risen by 40% against our currency and about 100% in the last 2 years.
Saving money in USD and USD-pegged tokens has been the only thing keeping me going.
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Basically, we can say those unaware of HBD or stablecoins are getting screwed a lot more.
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Very true
People in countries affected by this understand what is written here intimately. Most in the developed world, where currencies tend to be more stable, overlook this completely.
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True. The inflation is crazier out here, cost of living is through the rough. Money that could make one rich a couple of years back is just barely enough to cover living costs.
I tend to tell everyone I know to save their money in $ or any other stable currency.
It’s insane how an investment that gives you as much as 50% annually doesn’t still beat stashing your money in $$ and doing nothing.