First of all, if you have to liquidate 90% of your wealth in the middle of a market crash you're going to lose most of it before you even get it out of the country. This, of course, assuming you can get out of the country, which for many people is not a realistic option. And finally, movements of capital across borders are highly regulated. You can't simply cross the border and "recreate" your wealth on the other side, because all you will have re-created is a pile of dirty money that now will have to be laundered at a great expense. All this is illegal, by the way.

> "if you have to liquidate 90% of your wealth in the middle of a market crash"

That's why I said before the invasion, if the market already crashed probably too late to matter, but you'd still want to get whatever you have out.

> "And finally, movements of capital across borders are highly regulated. You can't simply cross the border and "recreate" your wealth on the other side, because all you will have re-created is a pile of dirty money that now will have to be laundered at a great expense. All this is illegal, by the way."

We're talking about escaping an autocratic authoritarian government. With BTC you can simply cross the border and recreate your wealth in a way that protects you from that government accessing it - that's my point.

I don't think you're arguing in good faith so this is the last reply from me.

Indeed... to me it seems clear that you have little experience escaping autocratic authoritarian governments, and that you don't know much about international finance either (or finance for that matter), yet you somehow feel qualified to talk about these topics and give foolish advice. Don't do that. You're not helping anyone, or any cause.

Thanks for confirming my suspicion of bad faith. Luckily others reading this thread can come to their own conclusions.

So a key step in there is finding someone that's willing to take your local currency in exchange for a not-local asset that you can access later.

Would it be very different if that asset was Euros? Or ownership of gold that's stored in Chile?

If you need any documents you can store them in a secret passworded account.

You're right that if you have access to foreign bank accounts or currency that can be an option (can be hard to get if you're in a country with a hostile government). Often BTC is the most accessible option available.

Crypto is the only option where you have the (practical) capability of true custodial ownership (as opposed to trusting a third party to hold it for you). Practical meaning you can actually take it with you in a low risk way (you're probably not escaping your hostile government with gold bars if you're even able to buy them in the first place).