Post
Topic
Board Bitcoin Discussion
Re: Venezuela Citizens Turn To Bitcoins In Record Numbers
by
Kakmakr
on 03/11/2016, 05:45:29 UTC
So the entire country can run solely on bitcoin? Now that would be a real boost for bitcoin awareness across the globe if that indeed does happen.

No, I think the rich people would look for safe havens to protect the value of their wealth. If bitcoin or gold or silver offer them that potential, they would temporarily use that commodity or currency. The value of their money is not in their hands, so they need to protect it in a way that they will have control over it.

Bitcoin offer them a quick method to shift between commodities and to protect their wealth. ^smile^