Post
Topic
Board Speculation
Re: The weekly trading volume of bitcoin in Venezuela reached $ 55 million.
by
Pursuer
on 17/04/2018, 09:03:04 UTC
They seem to be pushing Petro quite aggressively though, and them banning the competition in the future is quite a real possibility in my opinion. I guess we'll see though, as their government clearly believes that accepting crypto will help their economy improve.

I think it may actually be because of Petro that bitcoin adoption is growing this much in Venezuela!
whenever they are advertising their Petro coin they are also advertising the blockchain technology and the thing that started it all meaning bitcoin. also they have been educating people a lot over the past few months with a lot of programs in their country and that helps with the awareness and knowledge about blockchain technology and also bitcoin.
on top of it when people learn more and see the differences that a decentralized currency like bitcoin is offering they will surely want to get involved with it. as a result we have this kind of big surges in adoption.