Did people in Greece and Venezuela fair substantially better than peers that had... | Hacker News

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		tim58 on July 13, 2020 \| parent \| context \| favorite \| on: Bitcoin is more like ham radio than the early inte... Did people in Greece and Venezuela fair substantially better than peers that had holdings of multiple foreign currencies?

DarthGhandi on July 14, 2020 [–]

Yes, easily, though the crisis in Greece started about the same time Bitcoin was created and lasted a few years after that.

The capital appreciation on this basket of global currencies has not moved an inch, interest rates worldwide are even lower today.

Meanwhile BTC has averaged 250% gains annually.

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