article thumbnail

Will Bitcoin adoption be driven outside the US?

Lightspeed Venture Partners

In Zimbabwe, hyperinflation drove the US Dollar became the de facto local currency even while foreign currency trading was illegal. So there is existence proof that high inflation can drive a whole country to adopt another currency, one that is completely disassociated from the central government.

Zimbabwe 166
article thumbnail

Bitcoin: Resilience in Crisis

thebarefootvc

Those in countries that have previously experienced massive inflation (Zimbabwe, Venezuela, Argentina) or capital controls (China, India) have long seen relative value in an asset that is independent of government financial manipulation.