Why Venezuela Turns To Bitcoin! As the country reels from hyperinflation and an impoverished economy, many have turned to bitcoin as an alternative currency.
The FMI projected a contraction of GDP of 6.0%. Meanwhile, thousands of government opponents are on the streets making manifestation to pressure Maduro to hold regional elections.
With this political crisis, people look for bitcoin as you said:
with fortunate miners and adopters using the cryptocurrency to import food and groceries from the United States.