If Venezuela or Argentina conducted business in bitcoin then their savings and wealth would be a lot better off. Yes Bitcoin and Litecoin have been volatile over the last few years, but nothing like Bolivar (Venezuela) or the Peso (Argentina).
You say they could use the US dollar, yes maybe so, but those who use the US dollar have to the yield to the US Federal Reserve, where as bitcoin is decentralized and those who use it yield to no one.
In the next 12 to 18 months the lightning network and atomic swaps logic will forge Bitcoin and Litecoin together as the go-to crypto decentralized currency. Of course there’s massive risk, so an investor should be warned you can lose all your funds.
Time to review the demand and supply price and volume action of Bitcoin.
Charlie Lee is the founder of litecoin, the twin coin to bitcoin. Litecon will do what bitcoin is not good at. In this recent video Mr. Lee unwinds 7 myths about litecoin.
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