Quote
Bitcoin's decentralised and open-source nature, Viglione says, affords it the ability to trade and transmit funds across borders with few barriers or transaction costs, hence allowing the digital currency to behave as a disaster asset for people in politically unstable environments.
Countries with capital controls, unstable prices, trade barriers or little financial freedom, he says, would be prime candidates for bitcoin as investors undergo a higher degree of asset confiscation and are less likely to move funds outside of the government controlled currency and their political jurisdiction.
Countries with capital controls, unstable prices, trade barriers or little financial freedom, he says, would be prime candidates for bitcoin as investors undergo a higher degree of asset confiscation and are less likely to move funds outside of the government controlled currency and their political jurisdiction.
Not sure where he gets the 'significantly higher bitcoin prices' in these countries and its not mentioned in the article. Guess he's referring to the premium sellers ask when selling bitcoin i.e. the margin above the 'international' bitcoin price.
