Mexico’s Second Richest Man Reveals 10% of His Liquid Assets Are in Bitcoin – CoinDesk
Latin American countries, namely Venezuela, have been plagued by hyperinflation in recent years leading to a situation reminiscent of Germany’s 1920’s hyperinflation in the Weimar Republic.
Investors looking to protect themselves from “government expropriation” and inflation have historically turned to alternative assets like gold to hedge against fiat currency devaluation. Now bitcoin looks to be increasingly finding a place as a digital alternative.
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