http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuelas state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."
Now that we know the cause, what should we do? Convert BTC to Petro?
So he's shorting the Bitcoin with his Petro. But I still don't believe in government crypto coins.
Any reliable source of this?