Venezuela’s Fiat Crisis pushes Bitcoin Forward

in bitcoin •  7 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.

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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.

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.

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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...