Venezuela’s Fiat Crisis pushes Bitcoin Forward

in #bitcoin7 years ago (edited)

I seen a statment by a well known crypto blogger recently :

'Bitcoin transactions might be expensive, yet real world events demonstrate that we need a digital store of value.'

Indeed we do. If you're unfortunate to live in the likes of Zimbabwe, or Venezuela, cryptos represent the most effective and secure way to hold onto your savings.

This is the reason why we read headlines about bitcoin being sold in these countries for a huge premium over the market values.

Sort:  

@resteem.bot
Resteemed to over 6400 followers and 100% upvoted. Thank you for using my service!

Send 0.100 Steem or 0.100 Steem Dollar and the URL in the memo to use the bot.
Read here how the bot from Berlin works.
@resteem.bot

wow great post thanks to share this video. this is an important video for knowing bitcoin information.

This post has received a 1.94 % upvote from @booster thanks to: @kingbrianboru.

This post has received a 5.41 % upvote from @upmyvote thanks to: @kingbrianboru. Send at least 1 SBD to @upmyvote with a post link in the memo field to promote a post! Sorry, we can't upvote comments.

I noticed that a lot of the hispanic community here are from venezuela. Not surprising considering the current state of the country's economical position.

Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.

nice post
thank you for sharing,
i love it

If it is true then the bitcoin itself will end up like the Venezuelan fiat currency...

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 62468.23
ETH 2442.12
USDT 1.00
SBD 2.61