It’s a given that adopting bitcoin could really help a country in economic collapse suffering from hyper inflation. But what does the transition to bitcoin look like?
The citizens are broke. The government has no currency reserves and is printing money as fast as they can. How would the country can transition to bitcoin? Would the people and institutions that own bitcoin just give it away for the greater good? And “the country should’ve adopted bitcoin before all of this happened” is not an answer. I’d really like to know how bitcoin could help an economy in distress. Thanks in advance for your insight.
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