This is why Bitcoin...
Fiat currencies lose value over time, it's built in, but sometimes it gets out of control...
This is where bitcoin comes in.
In Turkey they have lost over 80% of their purchasing power against the dollar since 2013.
Check it out:
(Source: https://twitter.com/JanWues/status/1451178462912208903/photo/1)
And the dollar has lost value over that time as well, so it's really bad against commodity prices etc.
This is why bitcoin matters.
I still remember the times when anything did cost 1/6 or less of current prices... I just bought a brand new phone and it was about 410 EUR with all the necessary accessories. My first phone was about 50 EUR and I could do a lot with it... I can see some phones selling recently at over 2000 EUR without any accessories (charger, headphones, case/screen protector).
Yep, the world is seeing a leg up in prices on everything.
Fiat go down.
Bitcoin go up.
which do you think sounds better?
btc works for you
fiat works against you
Gotta follow the money