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.
No, it wont really make such impact.I know what you are thinking which Venezuela do have that cheap electricity which is ideal for miners on that place but
the numbers of those miners wont really be enough.
Just look on the other side, just basing out on traditional business on that place is mainly affected.Instead of recovery and with such powercut it mainly affect their operation.