VES

DyehuthyTV

Read about how **Africans** with a **dictatorial governments** avoid 'control' and make **Bitcoin** transactions with **Machankura** (*with no or poor internet connection too*) :D An the OP charts are Fiat Currencies vs USD, not vs BTC. **Example:** Use the Tradingview chart for this, choose BTC-USD and change the currency! (the denominator: USD, EUR, ARS, TRY, etc, etc.) If you look at the charts, you will see that its not the same BTC-USD (US Dollar) chart as for example the BTC-ARS (Argentine peso) or BTC-TRY (Turkish lira) **A weaker Fiat currency (hyperinflated) has a more bullish BTC-XXX pattern** In the 'matrix' of TradingEconomics, you can sort countries by Inflation Rate (CPI YoY%) Tradingeconomics: [Heatmap - Economic Indicators By Country](https://tradingeconomics.com/matrix) 👀 Hyperinflated Fiat Currencies (with GDP data) * Venezuela (576%), BTC-VES * Iran (87,9%), BTC-IRR * Argentina (33,8%), BTC-ARS * Turkey (31,75%), BTC-TRY * Malawi (21,1%), BTC-MWK * etc, etc Therefore, with a lower (less hyperinflated) Inflation Rate the chart will be more similar to the US dollar (BTC-USD) chart. Remember that the US Dollar is the Reserve Currency of Foreign Fiat currencies. The global system of Fiat currencies are Central Banks and Governments implement the same Economic Policy. Some are worse (hyperinflated) than others implementing it, but the idea behind it is the same. :D

mepethue

Inflation does not make the currency. For example CNY is deflating. Is not that a currency? VES is superinflating. Is not that a currency?

pripyaat

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.

Kangaroo-dollars

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.

Defusion55

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.

JohnTheGambler

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.​

Chineyo

I bought some RIO, VES, and currently looking into participating in Nuklai IDO on Apeterminal