A country's banking system can collapse just like that: Paraguay's Ueno Bank was taken over by the central bank on November 2, leaving 3 million depositors unable to withdraw their money. The president submitted his resignation on November 5, and the currency fell 10% in a week.
Now look at Binance P2P: locals are scrambling to buy $BTC at a 1.7% premium; $USDT is trading at up to a 13% premium. Some people would rather pay 13% more just to move their money on-chain.
Banks can close, but wallets can't. A: This is why Bitcoin exists. At $76,000, there's still time to get in; B: The premium is a panic tax. Wait until things calm down.
#巴拉圭 #银行危机 #Bitcoin
Now look at Binance P2P: locals are scrambling to buy $BTC at a 1.7% premium; $USDT is trading at up to a 13% premium. Some people would rather pay 13% more just to move their money on-chain.
Banks can close, but wallets can't. A: This is why Bitcoin exists. At $76,000, there's still time to get in; B: The premium is a panic tax. Wait until things calm down.
#巴拉圭 #银行危机 #Bitcoin