Sudden Spike In Bitcoin’s Volume on LocalBitcoins in Venezuela is the Highest Ever

2019-2-3 22:43

In last week alone, Venezuela has seen a sudden spike in bitcoin volume with an astounding $7 million worth of Bitcoin traded on LocalBitcoins. Trump and major U.S. allies have sought to unseat Venezuela’s authoritarian socialist president, Nicolas Maduro, and replace him with Juan Guaido, the leader of the country’s political opposition. “It could be […] origin »

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Mauricio Di Bartolomeo: Venezuela’s economic instability fuels Bitcoin and stablecoin adoption, skepticism around $60 billion Bitcoin stash, and corruption hampers national reserves | Unchained

Venezuela's economic instability is highlighted by the discrepancy between official and free market exchange rates. Bitcoin and stablecoins present a significant opportunity in Venezuela due to elite belief and daily population use.

2026-1-22 21:22


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