People in Lebanon are going through a hard time. According to the United Nations, 78% of people in Lebanon are living below the poverty line. They have money in the bank that has already lost its value. People work hard and save money in the bank, but unfortunately, now they end up with almost nothing. There are incidents where people withdrew money from the bank at a gunpoint. Can you imagine that? This is what happened over there to get money from the bank. The price of products is skyrocketing. What they earn from a job fails to support them. People look into Bitcoin to store their money.
6 comments
This is the same story of all countries all over the world.
People will lose their trust in the banking system. They will find alternatives. Crypto will go mainstream sooner or later.
I think cryptos are gonna be a scam in near future. Just look at the market. How best cryptos are scamming day by day. People will loss believe on crypto.
Scammers use crypto to scam. FTX CEO lied the whole time. Even in the end, he said FTX.US is 100% liquid, but filed for bankruptcy. The technology behind crypto - blockchain does its thing. People will trust the system that they can see and verify.
That's so bad
I feel sorry for the people who are going through this.