Venezuela facing hard economic crisis over the years, and the past month it begun to recover slowly. Now once again the scenario is going worse with nationwide powercut. Mundro indicates USA as the cause, even the capital city Caracas too is experiencing the same. Business people prefer moving out of the country, as they've lost hope of the recovery.
Will this make any impact on the global cryptocurrency economy as electricity is a much required resource for the successful functioning of bitcoin and major other cryptocurrencies in the market. I believe such scenario will never happen with any of the countries around.
I think that the problem of Venezuela is political, that it has the worst governments in the world, where they have dropped an economy that came to be the most prosperous, even better than the USA in the 1970s, to be the worst, due to the system socialist and communist destroyer.
Many who are followers of this fraudulent current that the USA is to blame, I say and affirm that no, because the power cuts if it totally influences the development of Bitcoin technology because it is the first country with the most bitcoin movement in negotiations , the service is almost free, practically nothing is paid, it is a total paradise for the miners, but at any moment the country will be totally off because they have no plans for improvement or changes in the electrical system.
I personally think that Venezuela no longer has a solution if it is not an intervention, and that can only be done by a multinational coalition led by the USA and Europe, otherwise they will see Venezuela die worse than any African country or even worse than Cuba.
Its economy is a disaster, many who operate with Bitcoin manage to survive while their rulers live as if they were in Dubai, this is the scenario there, a Venezuelan tells you, who knows what their only solution is.
