Inflation at 8900% Turns Venezuelans to Bitcoin In Record Volumes

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.

Read more here:

https://www.newsbtc.com/2018/04/20/inflation-at-8900-turns-venezuelans-to-bitcoin-in-record-volumes/


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