2026-03-09 00:29:57

Venezuela, Zimbabwe, Iran—countries with long-term high inflation—many people are starting to reconsider Bitcoin. Not because it’s perfect, but because their local currencies are depreciating too quickly, making holding them even more painful. Since 2018, the Iranian Rial has depreciated over 90% against the US dollar, Venezuela’s annualized inflation rate as of February 2026 is estimated by Reuters to be nearly 618%, and Zimbabwe has also faced repeated high inflation pressures in recent years.

In these places, Bitcoin is more like an alternative to escape local currency risk. It may not be stable, and its volatility is high, but at least its total supply is transparent and cannot be arbitrarily printed by the central bank. For people living through high inflation, being able to preserve some purchasing power is sometimes already very important.
However, it’s also worth noting that Bitcoin is just one alternative, not a universal cure-all. For everyday payments and short-term savings, many people may not be able to withstand its volatility.

BTC1.3%

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