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.
We also have to look at the timing, I personally think this is politically motivated. Black out happened prior to a big rally being plan by the Anti-Maduro factions on March 8, coincidence? Whose to blame? US? Maduro? Who will benefit more from the said outage?
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.
We have seen that it has no effects whatsoever to global crypto currency ecosystem. But the sad part is the collateral damage, those children. We as adult can somewhat tolerate heat or cold. But those children, damn, it will be very hard for them to cope with this circumstances.