submitted by /u/tteeoo13
For context I live in Argentina, our cumulative inflation rate has been over 9.000% in the last 21 years. Last year alone it was around 50%, this year it's projected to be 60% or more.
This is how our currency has performed against the US dollar this last year: (take into account it's a logarithmic scale to show porcentual changes)
As you can see the rate of return is not very good. Our currency is literally a shitcoin, losing value every single week (take into account the dollar also loses value). I really think our economy could use ICP as a currency and we would even be better off haha.
Anyways I wanted to share that. I can't stress the similarities enough (huge deficit, unsustainable debt) that have taken us to this point, but I also seem to see in the US, so buy assets that will safe guard you from inflation such as this.
I also wanted to mention that it's illegal to buy foreign currency (dollars) so stablecoins and BTC have had a great impact by allowing the average person to save.
Thanks for coming to my TED talk
Edit: anyways my dad keeps thinking crypto is a scam and that we are in a bubble