Post
Topic
Board Speculation
Re: The weekly trading volume of bitcoin in Venezuela reached $ 55 million.
by
marcbitcoins
on 25/04/2018, 06:33:33 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

This is because Crypto currencies investment is not ban in this country and their president has his own version of Crypto currency name Petro coin. So this will trigger their people to join Bitcoin investments and some of them will work for the bounties in which majority of them will probably to own much numbers of Bitcoins in trading. This progress is good especially if Bitcoin has no tax in their country.