NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Lebanon’s Financial System is Crumbling, And It Shows What Bitcoin Can Do

Samuel Wan
Samuel Wan
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Mass protests in Lebanon, which began as a demonstration over tax proposals, have since escalated into a full-blown financial crisis. As such, Bitcoin, and other decentralized cryptocurrencies, demonstrate, once again, the importance of financial sovereignty.

Bitcoin provides an alternative to a Lebanese financial system on the brink
Lebanese protestors. (Source: shutterstock.com)

Lebanon Is In Crisis

Lebanon has a history of conflict, such as the civil war which saw sectarian violence during the mid-seventies. And more recently, it has experienced instability as a result of the problems in Syria.

Map of West Asia. (Source: google.com)

But it was in October 2019, when the Lebanese government announced changes to the taxation of fuel, tobacco, and phone data, that the people of Lebanon took to the streets to call for social and economic reform.

Prime Minister Saad Hariri resigned two weeks into the protests. And now, three months in, a new government, led by non-partisan Prime Minister Hassan Diab, has taken the helm.

Although this has satisfied calls for a change in leadership, it has done little to quell the problems facing the already troubled country.

“The country is buckling under a severe liquidity crisis, with informal and irregular capital controls being imposed across its banking sector. Layoffs and salary cuts are rampant.”

And considering that Lebanon is due to make a vast bond repayment in March and April, the situation looks dire. According to Reuters, $1.34 billion is owed in interest, with an additional $842 million repayment due to the principal.

As such, Nafez Zouk, Lead Economist at Oxford Economics, states that Lebanon’s new government is running out of space to maneuver. Based on estimates, Zouk believes that the country will have exhausted its reserves by September.

With that in mind, as is often the case in crisis-torn countries, the case for Bitcoin, and monetary freedom, is further strengthened.

https://twitter.com/zhusu/status/1221591647122673664

The Case For Bitcoin

The situation in Lebanon is intensifying by the day. Violent confrontations against capital controls have left cities looking like war zones.

Last week saw clashes between security forces and protestors in the financial district of Hamra.

“They torched waste bins, destroyed ATMs and smashed the display windows of banks using fire extinguishers, rocks and metal rods.”

The protestors were venting their frustrations over imposed capital limitations. Although no official policies are in place, many banks have capped withdrawals to $1,000 a month. This only highlights that money in the bank is not yours to do with as you please.

As such, the case for alternatives that promote personal sovereignty, such as Bitcoin, really hits home during crisis situations. With Bitcoin, there are no limitations on withdrawal, or censorship of transactions.

Bitcoin advocate, Gigi highlights the visionary foresight of the cypherpunks, who imaged a time in the future when freedom to transact would be critical.

“It is easy to forget that “permissionless” and “censorship-resistant” are more than mere buzzwords. Under difficult circumstances, these words become a matter of life and death.”

With that in mind, the ultimate protest would be for the people of Lebanon to choose Bitcoin in mass.

Tweet123Share228ShareSend
Samuel Wan
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

È Appena Iniziato il Superciclo di Liquidità di Bitcoin, Dice il CEO di un Hedge Fund

Bitcoin ha toccato un nuovo record sopra i 122.000 $ nella mattina del 14 luglio, estendendo il rally che dura...

clararosati 2 hours ago
Dogecoin price news

Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched?

The Dogecoin weekly structure is once again the talk of Crypto-Twitter after pseudonymous technician Cantonese Cat (@cantonmeow) published a logarithmic...

Jake Simmons 3 hours ago
bitcoin-booms-bitcoin-hyper-raises-2-5m-btc-l2-bet

Bitcoin Booms, and So Does Bitcoin Hyper — $2.5M Raised as Investors Bet on $BTC L2

Bitcoin has just surpassed the $120K mark, signaling a strong return of investor confidence. As capital flows beyond Bitcoin, altcoins...

Aaron Walker 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here

Scott Matherson Just now
portofel crypto multi-chain non-custodial

De ce ai nevoie de un portofel crypto de calitate?

antonio 20 minutes ago
Bitcoin

Bitcoin Ignites Intraday Optimism With A Step Past $119,000 Threshold

Godspower Owie 1 hour ago

Premium Sponsors

Press Releases

  • ETHRANSACTION Core Breakthrough! New users get $19 starter...

    2 hours ago
  • 2 jeftine kriptovalute s potencijalom rasta od 9.000% –...

    2 hours ago
  • Predviđanje Cijene Snorter Token (SNORT) – Analiza i Projekcije 2025–2030

    Fartcoin, dogwifhat Tăng Mạnh – Snorter Được Dự...

    2 hours ago
  • ...

    2 hours ago
  • ico 仮想通貨注目:Snorter Tokenが2025年の有力候補に

    ico...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.