Venezuela facing hard economic crisis over the years, and the past month it begun to recover slowly. Now once again the scenario is going worse with nationwide powercut. Mundro indicates USA as the cause, even the capital city Caracas too is experiencing the same. Business people prefer moving out of the country, as they've lost hope of the recovery.
Will this make any impact on the global cryptocurrency economy as electricity is a much required resource for the successful functioning of bitcoin and major other cryptocurrencies in the market. I believe such scenario will never happen with any of the countries around.
Electricity is most essential thing when it comes to businesses and online works, without it is a total wreck for businesses because of the transactions will be stop, Same thing here in cryptocurrency it is worst thing rather having no internet connection. Even Venezuela has no huge mining it will still has an effect.