After the politicians robbed Lebanon, banks suspended all the withdrawals accounts. Lebanese pounds rate went up from 1500 LBP to 40 000 LBP in just 2 years. Lebanese people lost every pound they have saved their whole life, the reason why Lebanese people took the decision to explore crypto. Crypto helped them transfer money to their children that learn outside the country since it was impossible to transfer money in another way. Even the expats were able to transfer money to help their family without going through banks. Networks closed for gaming and the owners switched all PC’s for mining. The concept “Banks are the enemies of Lebanese people” pushed the new generation to be working in crypto.
Bitcoin became the good friend of Lebanese people in every situation against the corrupted banks. Lebanon should be the new Salvador in order to bring more money and for the tourists to be able to revive the economy.
Lebanese Crisis Since 2019