Can Bitcoin Actually Help Real People?

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In this video, I discuss a real-world use case for Bitcoin that refutes the claim that Bitcoin is a useless technology that is fit only for gambling and speculation.

Bitcoin is a useful technology for those who don't want their savings to be confiscated or devalued by their government or central bank.

The Lebanese liquidity crisis is a perfect example of a tragic series of events that one could have protected oneself from by using Bitcoin.

To claim that Bitcoin has no use case is to betray one's own first-world "fiat privilege."

If your country has a decent banking system and property rights, you probably don't need Bitcoin today or tomorrow. But as more and more fiat currencies fail, the practical use cases for Bitcoin will continue to grow.

Not investment advice! Consult a financial advisor.

Charlie Munger Is Right About Crypto:
https://www.youtube.com/watch?v=xUAlkHOZwq8&ab_channel=TraderUniversity

Lebanese liquidity crisis:
https://en.wikipedia.org/wiki/Lebanese_liquidity_crisis

Saif's podcast on the Lebanon banking crisis:
https://twitter.com/saifedean/status/1620646357227945986

Customers robbing banks to get their own money back:
https://www.cnn.com/2022/09/14/world/lebanon-bank-heist-access-money-frozen-savings-intl-hnk/index.html

Lebanon closes all banks:
https://www.aljazeera.com/news/2022/10/7/lebanese-banks-to-close-indefinetly-reuters

Lebanese devalues Lebanese pound by 90%
https://www.ft.com/content/f37617e1-098b-459f-9502-50ffb50c6c0c

Bitcoin denominated in Lebanese pounds:
https://tradingeconomics.com/btclbp:cur

USD falling purchasing power since 1913:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#fiat
#lebanon

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