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The alarm bells in the global financial markets are ringing louder and louder — this time, the protagonist is not a certain cryptocurrency's crash, but the trust crisis facing the entire fiat currency system.
**01 What is happening to your bank account?**
The market trends over the past two months have been somewhat surreal. The Argentine peso plummeted 18% in a single day, the Turkish lira depreciated 60% in a year, and the Egyptian pound nearly halved… This is not an isolated issue in individual countries but a collective collapse worldwide.
The data is even more shocking:
Argentina's annual inflation rate soared to 276%, causing people to疯狂 buy Bitcoin to preserve value
The Turkish central bank's foreign exchange reserves are running low, and citizens are directly trading real estate with stablecoins
Zimbabwe's newly issued "Gold Coin" depreciated 40% just one month after launch
Venezuela's weekly Bitcoin trading volume exceeded $12 million, and the national currency has long become worthless paper
This is not the collapse of cryptocurrency; it is a live broadcast of the信用崩塌 of the traditional financial system.
**02 Bank freezes and remittance restrictions are becoming the norm**
At 3 a.m., a notification suddenly pops up —
"Your USD cannot be transferred out temporarily, foreign exchange controls have been upgraded"
"Single-day cross-border transfer limit reduced to $1,000"
"Your transaction is abnormal and will be unfrozen after 7 working days"
These conversations are happening simultaneously in 117 countries around the world. Governments are starting to freeze foreign exchange accounts en masse, force currency devaluation, and ban cross-border fund flows. You suddenly realize one thing — what is stored in banks has never truly been "money" in the real sense, but just a string of numbers that can be frozen at any time.
As the risks of the traditional financial system grow higher and higher, more and more people are beginning to consider alternatives.