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BTC is not directly tied to the US dollar, but OP and everyone hyped about this "pump" are indeed tracking BTC's price in USD, which is currently losing value. So BTC may be worth more US dollars but that doesn't mean its actual value has gone up in the rest of the world. To make it more obvious, take a look at the USDT/VES (Venezuelan Bolivar) [chart.](https://coinmarketcap.com/currencies/tether/usdt/ves/) Is the USDT gaining like crazy? No, the VES is highly inflationary and it's devaluing compared to every other currency.
That's like saying: if the USD is more valuable than the Venezuelan Bolivar, then why do you use the VES in Venezuela? Because that's the currency that's accepted over there today.
Nope, not at all. BTC is a hedge against inflation and debasement. If the dollar is going to lose another 90% of its purchasing power over the next few decades and BTC doesn't then that my friend is life changing wealth retention. Take Venezuela for example, 10 years ago their country was hit with hyper inflation. IF you had worked for 50+ years and saved up 500,000 for retirement within 2 single years that 500,000 lost 90% of its purchasing power. If you had converted your 500,000 VES to BTC before hyper inflation hit you wouldn't have lost 90% it is that simple. Printers are going to print.
Iran – Iranian Rial (IRR) Current Rate: 1 BTC ≈ IRR 3,946,420,000 USD Equivalent: Approximately $93,767 USD Note: The Iranian rial has experienced significant inflation, leading to high numerical values in exchange rates. Venezuela – Venezuelan Bolívar Soberano (VES) Current Rate: 1 BTC ≈ VES 5,711,393.72 USD Equivalent: Approximately $93,767 USD Note: Venezuela has undergone multiple currency redenominations due to hyperinflation, resulting in large numerical values for exchange rates. Zimbabwe – Zimbabwean Dollar (ZWL) Current Rate: 1 BTC ≈ ZWL 1,500,000,000 (estimated) USD Equivalent: Approximately $93,767 USD Note: Zimbabwe has faced extreme hyperinflation, leading to the issuance of high-denomination banknotes and significant fluctuations in exchange rates. These high numerical values in local currencies are primarily due to inflation and currency devaluation, rather than an exceptionally high value of Bitcoin itself.
I bought some RIO, VES, and currently looking into participating in Nuklai IDO on Apeterminal