One of the main propositions for cryptocurrency adoption is that it is an alternative to bad monetary policy and helps facilitate economic growth when a countryâs institutions fail to do so. Bitcoin bull, Anthony Pompliano, states âWeâre going to get to a situation where you need a decentralized, non-censored, non-seizable, non-inflatable, or non-debaseable asset. And when you go looking for it, you'll find Bitcoin. I believe Bitcoinâs best ally is just time. And as more people get put in situations where it could be valuable to them, they will opt inâ (Gladstein). This facilitates the question: do dire economic situations actually accelerate cryptocurrency adoption? This paper aims to assess if there is any evidence that cryptocurrency is truly becoming an alternative store of value or medium of exchange in countries that have faced high inflation, poor economic conditions, or catastrophic events such as war.