Post
Topic
Board Economics
Re: How did Bitcoin save Venezuela?
by
GoodLuck2
on 15/10/2017, 19:32:56 UTC
I do not think bitcoin might save Venesuella because it is unlikely that all venezuella people work in bitcoin, maybe just as a person who knows and works in bitcoin.

Exactly my thought. How does the OP even think that's possible without the Venezuelan government adapting bitcoin as it's national currency? With few people getting interested and holding bitcoins in Venezuela does not in anyway translate to a boom in the economy or bringing the country out of its financial quagmire. I don't see that being a reality.
i think bitcoin has ability to take out region from the economic destabilization and same thing is happening with Venezuela and hard time has come for their Venezuela and bitcoin is the best option for them to survive in such a critical situation and I am sire bitcoin will boost their economy to the safe level and Venezuela will be out from the crises soon.