[2014-08-29] Bitcoin May Be Preferred to Venezuelan Bolivar’s 140% Inflation

[zakoliverz]

http://www.cryptocoinsnews.com/news/bitcoin-may-preferred-venezuelan-bolivars-140-inflation/2014/08/28

When it comes to adopting Bitcoin as money, it’s always been known that there are certain countries where adoption makes a lot more sense than it does in a place like the United States. There are nearly 200 fiat currencies in the world today, and it makes sense that Bitcoin would compete with the most unstable currencies before it could go up against the big boys. This brings us to Venezuela.