I don't think Bitcoin will replace any of the larger G3 curriencies, but it amazes me why people in countries like Venezuela or South Africa, don't just put all their fiat into Bitcoin? Even if Bitcoin goes down another 50% from now, it still won't fall as drastic as their fiat currencies.....
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that's quite true actually, in the face of hyperinflation, btc is very valuable and you don't even need to carry it out of the country - its global!