The Garcias are a family of three living in Venezuela, a country where inflation rates soared between 20,000% and 65,000% in 2020. In just a single year, a chicken went from costing a few thousand bolivars to 14.6 million!

Despite years of diligent, responsible saving, the Garcia family found themselves struggling to afford even basic necessities due to factors totally beyond their control: the government’s decision to print too many bolivars. 

Luckily, bitcoin is a neutral, digital, mondial and unstoppable alternative for the three to keep their earnings in a more stable currency and start saving for their child’s future again.

Did you know that Hyperinflation has happened numerous times in history, not just current Venezuela? Weimar Germany in the 1920s is a well-known example. Hungary after the second world war had some of the most extreme rates of inflation ever recorded, at about 41,900,000,000,000,000!. Russia experienced hyperinflation after the collapse of the Soviet Union, and Zimbabwe is another recent example.

Learn more about how bitcoin protects from hyperinflation