Bitcoin trading in Venezuela intensifies. Bitcoin trading volume has jumped over 9 million for the last time in Venezuela according to coin.dance charts. As news.bitcoin.com reports, people prefer bitcoin instead of the devalued Venezuelan Bolivar, because the bitcoin price fluctuation is negligible compared to the devalued Bolivar. The reason why this is happening is because the government-issued currency has been a victim of unsustainable inflation and other variables. There seems to be ever-increasing excitement about cryptocurrency in the country.
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Bitcoin will have a pragmatic future ahead and one thing I will add that the prices we today are nothing, in a sense if some other great economies like Japan recognize and accept the Bitcoin the price rise will be then witnessed. According to my analysis it is just the start phase of the bitcoin with its acceptance and high prices. There is a long run to enjoy so, Cheers!
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