The president of the Central Bank of Afghanistan, among other government authorities, escaped from Afghanistan. Colombian bitcoiner Juan Rodríguez recommends learning more about Bitcoin and using it as money or a store of value.
The Taliban recently seized Kabul, the capital of Afghanistan, bringing down President Ashraf Ahmadzai. That situation led to chaos in that Asian Muslim nation.
Local media reported that hundreds of residents of the Afghan capital immediately went to banks to withdraw money from their accounts. Many of them were looking to take the cash to leave the country.
The massive influx of people to financial institutions caused delays, congestion, and long lines. According to social networks, some users have not yet withdrawn their money due to that situation.
A police officer said he went to withdraw his funds as the Government was not solving his problems. He noted that people had stayed at the bank from 6:00 a.m., but nobody attended to them.
Foreign exchange markets also panicked after the price of Afghan fiat currency fell dramatically.
Ajmal Ahmady, president of the Central Bank of Afghanistan, left the country alongside President Ahmadzai and other government officials. He said he held meetings to reassure banks and exchanges a day before the fall of Kabul.
That highlighted the problems with the lack of portability of fiat money, which States issue and impose.
People Should Not Wait for that to Happen in Their Countries
Contrary to national fiat currencies, proponents of Bitcoin (BTC) propose using that cryptocurrency to fix the lack of portability. Colombian bitcoiner Juan Rodríguez recommends seeing the crypto asset as an investment, a savings method, and money.
Rodríguez explains that many Afghans trying to leave their country will have to start all over again wherever they go. If they used Bitcoin, they would only need to memorize 12 words to move their money from any place.
The Colombian YouTuber mentioned the case of Argentina, which suffered the so-called corralito at the end of 2001. For months, account holders could not withdraw all of their bank deposits in cash.
In the case of Venezuela, many people who decided to emigrate due to the country’s situation were victims of theft or lost their money. Additionally, the Government at some point said that nobody could take their cash abroad.
That communicator recommends preparing before that happens by learning more about Bitcoin and using it as money or a store of value. He highlights that people should not wait for the country’s situation to force them to handle the cryptocurrency.
Bitcoin Could Solve Problems Like That of Afghanistan
Several Twitter users hinted that the cryptocurrency would have completely solved the problems of the Asian country. Some even believe that Bitcoin could have prevented the terrible situation that the Asian nation is going through.
Supporters of other cryptocurrencies, such as Ether, dared to say that their favorite blockchains would prevent the triumph of the Taliban. Twitter user @ptonerdoteth wrote that people could make transaction decisions from abroad through a DAO. That means that banks would not stop working for a second.
Renowned bitcoiner Max Kaiser compared a group of Afghans trying to get on a moving plane to non-coiners. He stated that those people who reject Bitcoin might want to have BTC when it is worth more than USD 100,000.
By Alexander Salazar
