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A comment on El Salvador abandons Bitcoin as legal tender after failed experiment. Parent comment

Re:El Salvador abandons Bitcoin as legal tender after failed... by bboygravity on Tuesday February 04, 2025 @01:57AM (#42929003)
Fiat currencies also can and have lost half their value plenty of times.

Actually I can't think of any fiat currency that hasn't at least halved in value?

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Re:El Salvador abandons Bitcoin as legal tender after failed... by graemep on Tuesday February 04, 2025 @06:57AM (#42931248)
Usually over a long time. They are a lot less volatile than Bitcoin.

You can also offset the risks of sudden devaluation through matching assets and liabilities, trading derivatives and so on.

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