A very interesting analogy has recently been circulating in the community—Bitcoin for inflationary countries is like insulin for diabetes patients.
Strategy co-founder Michael Saylor mentioned this viewpoint in a recent podcast interview. He emphasized that for countries experiencing currency collapse, like Nigeria, Bitcoin has long surpassed the definition of an "investment asset." In simple terms, it has become a survival necessity.
This may sound exaggerated, but it can be understood in the context of specific national conditions. When a country's currency is rapidly devaluing and purchasing power is shrinking every month, what can people hold onto to preserve their assets? This is not just a financial management issue but a matter of basic living security. Just as insulin is life-and-death for diabetics, Bitcoin has also become an unavoidable option for residents of these countries.
This analogy truly hits the point—where the traditional financial system fails, blockchain assets instead become a lifeline.
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SmartContractPhobia
· 01-11 05:29
The analogy of insulin is spot on; it really hits the point. When the traditional financial system collapses, BTC becomes a lifeline. This isn't hype; it's real survival pressure.
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MemeCurator
· 01-11 05:28
That's a perfect analogy; that insulin shot really hit me in the heart.
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TokenomicsTherapist
· 01-11 05:28
That insulin analogy was perfect, really hit the nail on the head. I looked at the data on the currency devaluation in Nigeria, and it can shrink by dozens of percent in a month. Bitcoin there is no longer an investment, just a survival tool.
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GasFeeNightmare
· 01-11 05:20
To be honest, I still think this analogy is a bit over the top, but it really hits the nail on the head.
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ColdWalletGuardian
· 01-11 05:19
This analogy is excellent, but to be honest, for us in the crypto world, it's been commonplace for a long time.
In fact, the situation in Nigeria is even more severe; fiat currency is no longer reliable.
The insulin analogy really hits the core—it's a matter of survival needs.
The real use cases are not in North America or Europe; they are in countries experiencing economic collapse.
Where fiat currency fails, BTC truly shows its value.
A very interesting analogy has recently been circulating in the community—Bitcoin for inflationary countries is like insulin for diabetes patients.
Strategy co-founder Michael Saylor mentioned this viewpoint in a recent podcast interview. He emphasized that for countries experiencing currency collapse, like Nigeria, Bitcoin has long surpassed the definition of an "investment asset." In simple terms, it has become a survival necessity.
This may sound exaggerated, but it can be understood in the context of specific national conditions. When a country's currency is rapidly devaluing and purchasing power is shrinking every month, what can people hold onto to preserve their assets? This is not just a financial management issue but a matter of basic living security. Just as insulin is life-and-death for diabetics, Bitcoin has also become an unavoidable option for residents of these countries.
This analogy truly hits the point—where the traditional financial system fails, blockchain assets instead become a lifeline.