Post
Topic
Board Speculation
Re: The weekly trading volume of bitcoin in Venezuela reached $ 55 million.
by
Febo
on 24/04/2018, 09:57:30 UTC
According to the website of Coin Dance, by April 14, the trade volume of bitcoin, paired with Venezuelan bolivar on the Localbitcoins exchange, rose to a record mark of 2.7 trillion Bolivars ($ 55 million) per week. And a week earlier this figure was $ 35 million, and in the last week of March - $ 18 million. And this is only in some Venezuela!)

Source: https://coin.dance/volume/localbitcoins/VEF

Ofcourse value on Bolivars is going up if they have high inflation.  If inflation was 100% then has to double to keep the same ratio of trades.


Switch to BTC and you will see last April was record. https://coin.dance/volume/localbitcoins/VEF/BTC    Seems April is time when Venezuelans need most BTC