Venezuela’s economic crisis continues to worsen, despite the president’s controversial attempts to revive his country. The demand for Bitcoin (BTC) and other cryptocurrencies continues to rise this year, as the country’s dollar, the bolivar, continues to drop.
Venezuela has hit crisis mode extreme, but can BTC save them?
Bitcoin Booming in Venezuela
According to Coin Dance, Venezuelan residents’ interest in Bitcoin (BTC) reached its peak in July of this year. Most countries have declined since January of 2018, when the total crypto market hit its all-time high.
In December, BTC hit just ...
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