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Author Topic: [2018-04-20] Inflation at 8900% Turns Venezuelans to Bitcoin In Record Volumes  (Read 16 times)
BitcoinArsenal
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April 20, 2018, 01:39:22 PM
 #1

Venezuela, the most hardline socialist country in the American continent, is in a steep crisis in recent years ever since oil prices fell below the $100 area in 2014 down to a third of the price in early 2016. The people are turning to Bitcoin as spiraling inflation destroys the economy.
Read full article on NewsBTC


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Today at 02:14:15 AM
 #2

Why is there no mention of Petro in this article? There is an image, but not a word about it?

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Today at 03:11:41 AM
 #3



Venezuela is now a poster kid as to how Bitcoin can be helping a country mired in deep economic problems and chaotic political environment. As people are struggling for survival, Bitcoin can be of big help in many ways including becoming a store of value and a way to evade the interfering power of the government. I sympathize with the people of Venezuela as they failed to vet for leaders that can be working for the solutions instead of adding more problems or worse sprinkling salt and pepper to wounded knees of the Venezuelans.


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