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.
Well the problem with the cryptos is obvious, the number of transactions with bitcoin and altcoins must have decreased notably, electric power is vital, along with the internet, but because the damage is or must be very large, Maduro says it is sabotage of the USA, something totally absurd, and little by little the country can be put out, if these blackouts continue I have considered going to another country to be able to work under normal living conditions for myself and my family.