The following is a guest article from Jesse Knutson, Head of Operations at Bitfinex Securities.
In developed economies, accessing the U.S. dollar is a given. Investors rarely have to consider incorporating USD-denominated assets into their portfolios as the relative stability of their local economies provides a sufficient foundation for financial security.
Contrast this to many emerging economies, where access to the U.S. dollar is essential for businesses and individuals to safeguard wealth. Yet this can be difficult thanks to large amounts of red tape, uneconomical exchange rates, and, in some jurisdictions, regulatory challenges.
It doesn’t matter where in the world you live; most businesses and individuals share the same goals: to be financially secure, grow wealth, and create a solid financial footing for the next generation. Realizing these goals in the global south is extremely challenging if the currency is volatile or…
