A hundred dollars a year ago is still a hundred dollars today, but what that can buy is worth less than a hundred dollars
You have rub salt in the wound. My natinoal currency have lost in value about %30 since the beginning of the year. Besides, the inflatiojn rate is %20.
Here, you have to take risk to protect the value of your money even if you don't want. So what people have done is that they bought dollar, gold, car, house; I think few went for crypto. I also think that many people have got into debt in this period.
That is crazy. 100 dollars buys about 50 dollars worth under those numbers...
I think places like that are well positioned to have the necessity to get into crypto, whilst the richer and more stable will put it off, as they think "things aren't that bad".