The government created inflation in their own favour but which could be a disadvantages for citizens that does not know what to do but keep their money in bank. Iranian protested in Iran’s capital after the rial slid to record lows, prompting Bitwise CEO Hunter Horsley said that bitcoin could help Iranians protect their savings.
https://www.mexc.com/news/372731This is not just the problem, the problem is that many other countries are suffering from inflation. Some countries may not suffer from significant inflation today but how about tomorrow. In long years, fiat become more worthless.
Bitcoin is a store of value.
The government prints lots of money and creates inflation when they can't do their duties well and are full of corruption. Local currency has been inflating very much in my country in the last 13 years and recently, the local government caught the previous prime minister, prosecutors and many other high-ranking politicians, almost all of them and these politicians have been on their roles for years. It basically proves that in the last 12 years, the country was in total corruption. It's still in a huge corruption because the country is owned by one rich oligarch, it's basically his property because he is untouchable and does whatever he wants.
It's normal and necessary to have a slight inflation because it will force money holders to invest money into something, to create a new business and create new jobs for people but high inflation is not welcome. Bitcoin is not a saviour in this case. We need to work hard, beat corruption, beat nepotism, invest in education and work on improving the economy.
