In just 5 years:
Bitcoin is up ~4.2x (from ~$21K to ~$88K).
If Lebanon had invested $10B in BTC back then, it'd be worth ~$42B today.
But holding Lebanese Pounds? The LBP has lost over 98% of its value vs. USD since the crisis began (black market rate now ~89,500 LBP per USD, vs. the pre-crisis peg of 1,507 LBP per USD).
$10B USD equivalent in LBP from 5 years ago is now worth less than ~$0.17B in real purchasing power.
That's a >240x difference.
Choose your money wisely.
Bitcoin is up ~4.2x (from ~$21K to ~$88K).
If Lebanon had invested $10B in BTC back then, it'd be worth ~$42B today.
But holding Lebanese Pounds? The LBP has lost over 98% of its value vs. USD since the crisis began (black market rate now ~89,500 LBP per USD, vs. the pre-crisis peg of 1,507 LBP per USD).
$10B USD equivalent in LBP from 5 years ago is now worth less than ~$0.17B in real purchasing power.
That's a >240x difference.
Choose your money wisely.
https://x.com/MichaelRihani/status/1339392916263858177
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