After discussing the plight of people in US dollar and non US dollar regions, let's take a look at these two constantly discussed issues: What is the purpose of Bitcoin? What is the use of blockchain? What is the use of Bitcoin The greatest function of Bitcoin is to resist the depreciation of all fiat currencies and preserve personal wealth. As for whether it goes against the original intention of Satoshi Nakamoto's peer-to-peer cash design, there is no need to worry too much. As long as it has value, the free market can naturally find the best scenario for it. What is the use of blockchain Firstly, it needs to be clarified that Bitcoin is not a blockchain. We will temporarily refer to chains other than Bitcoin as blockchain. Apart from asset issuance, I believe the biggest use case for blockchain is stablecoin, which is a US dollar stablecoin. Stablecoins allow people around the world to quickly gain exposure to the US dollar (bypassing regulations) and hedge against the depreciation of their own currency. The users we usually focus on discussing this issue on X are mostly Chinese and American users. These users use stablecoin more as a tool to hedge against cryptocurrency price fluctuations, and do not use it much for exchange rate purposes. For American users, they usually use US dollars, so stablecoin, an on chain dollar, does not have much value for them; For people in China or other economically developed countries, their exchange rate is mostly relatively "stable" against the US dollar, so there is not much pain point for currency depreciation. But for people in politically and economically unstable countries, it is not only almost difficult to open a US dollar bank account, but it is even more difficult to obtain US dollars. Even in China, ordinary people are subject to an annual foreign exchange quota limit of $50000. In the nearly 20 years since 2006, the currencies of emerging economies have depreciated by 38% relative to the US dollar. If you have to choose one from fiat currencies, then the US dollar is relatively less bad. In the survey report released by @ BHDigitalAssets @ Visa in 2024, it was pointed out that "save money in dollars" using US dollars for savings is the second largest use of stablecoins and the first largest use for Nigerians. https://(x.com)/nic__carter/status/1834226299570725307 summary Therefore, for people with strong risk tolerance, they can choose Bitcoin to counter the depreciation of fiat currency; For people from non US dollar (capital controlled) regions, they can choose to use US dollar stablecoins to counter the depreciation of their domestic fiat currency, in order to obtain relatively reliable fiat currency and better preserve their wealth.