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 The "savings" for an average user in Venezuela, for example, I don't think it exceeds one year.
He/she wants to have the dollar to be able to make food purchases generally.
In the midst of hyperinflation having a little bit of dollars was one of the few options to be able to "be safe" against a currency that could easily devalue 5% every day 😅
It was crazy.
I am not a supporter of centralized "Peg coins" like USDt. But the "Crypto" market in Venezuela is largely dominated by the USDt/bolivar pair. And keep in mind that the Crypto market is a very small niche within the Venezuelan economy.
The vast majority prefer to use dollar cash. And the lucky few have a dollar account abroad.
Interesting that with a hyperinflation that wiped out most savings and destroyed the country's middle class did not run to take refuge in Bitcoin.
The best Money may be in sight but very few of us make the effort to understand it.