Inflation at 8900% Turns Venezuelans to Bitcoin In Record Volumes

hocino (43)in #venezuela • 6 years ago

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.